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1 in 10 Pennsylvanians has unclaimed property, with the average claim being more than $1,000! According to the Pennsylvania Treasury, millions of dollars in unclaimed property come into the bureau each year.
Unclaimed property is any financial asset that has been left inactive by the owner for a period of seven years or more. If no lawful owner claims the property at that time, it is transferred to the Treasury. The most common kinds of unclaimed property include savings and checking accounts, uncashed checks, unclaimed insurance benefits, all made unclaimed by something as simple as a misspelled name or an out-of-date address. The amounts can range from a few dollars to a few thousand dollars.
To find out if you or a member of your family is entitled to unclaimed property, contact my district office or visit PATreasury.com.
If you want help in tracking down unclaimed property or assistance with any other programs offered through the Pennsylvania Treasury, a representative will be available in my district office on Monday, Aug. 17 from 10 a.m. to 4 p.m. Reserve your spot by calling 717-295-5050.
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