Do you have lost money?? You could! More than $1 billion in unclaimed property has been turned over to the Washington State Department of Revenue since 1955. The amount continues to grow each year! What exactly is unclaimed property? We not talking about actual physical property like real estate or vehicles, but we are talking free money! Unclaimed property refers to property being held by an organization that has not had contact with the owner for an extended period of time. Property is usually considered unclaimed after three years, when it is turned over to the state of Washington.
Typical unclaimed property includes:
Stocks, bonds and mutual funds
Safe deposit box contents
Utility and phone company deposits
Uncashed checks, such as payroll, insurance payments, or travelers checks
The Washington State Department of Revenue is the custodian for unclaimed property, and it administers an unclaimed property program to seek the rightful owners. To see if you have unclaimed property, go to claimyourcash.org.