Unclaimed money is money that lies in accounts at financial institutions that have seen no activity or contact with the owner for at least a year. You might possibly have unclaimed funds. To find out if you have any money like this, you might need to do a search. There are a few locations where you can possibly find unclaimed money, and below is a list of the top five.
Top 1 Location Where You Can Find Unclaimed Money: The Internal Revenue Service (IRS)
If you moved or your income tax refund check generated the wrong address, you might not have received your income tax refund. So, you will have to make sure that you received all the tax refunds that you should have received for your income tax. If there is any unclaimed money, you will need to verify it with the Internal Revenue Service (IRS). And, you will need to update your address.
Top 2 Location Where You Can Find Unclaimed Money: State Tax Refunds
Just like the federal tax refunds, state tax refunds can also fail to find their way to the proper recipient. If you changed your address or the check had the wrong address, you might not have received your refund.
Top 3 Location Where You Can Find Unclaimed Money: Retirement Benefits
There is a chance that you might have forgotten to claim a corporate retirement balance when you changed jobs. If it has been a few years since this happened, your retirement balance might have grown. Thus, make sure that you check with the NRURB to see if you have any unclaimed retirement money.
Top 4 Location Where You Can Find Unclaimed Money: Pension Plans
Working at a company with a pension plan that did not go through might not have been a complete failure. If there was a pension plan at the company, check with the Pension Benefit Guaranty Corporation to see if you have any pension money. This is because the PBGC might give you some of those unclaimed funds.
Top 5 Location Where You Can Find Unclaimed Money: Previous Bank Accounts
Your previous bank accounts might contain some miscellaneous unclaimed funds. Additionally, these might include utility deposits, phone deposits, or former wages. If one of these accounts was FDIC-insured, you might be able to file a claim with the FDIC.
