The following are examples of money (and entitlements to money) that may be unclaimed: Trust Money See below for the different types of unclaimed money and how you can claim that money. There are instructions on their website about how to make a claim. The Inland Revenue Department (IRD) has information about unclaimed money it holds. In most cases, you will not be entitled to interest on any unclaimed money. Where you go to make that claim will depend on what type of money it is. You will need to provide as much evidence as possible to show that you are entitled to the money, including proof of your identity. Unclaimed money can be repaid to the owner of the money, or someone who is authorised to act on behalf or instead of the owner, once a claim has been established as valid. What Happens to Unclaimed Money?įor the most part, unclaimed money is eventually transferred to the Crown, usually to the Treasury or the Inland Revenue Department, or the Public Trust. The length of time depends on the type of money. In general, money is classed as unclaimed after a certain length of time has passed since the person or organisation holding the money has been able to contact the owner. Unclaimed money is money held by a person or organisation, such as a solicitor or a Bank, where the owner of that money (or someone with authority to act on behalf of the owner) cannot be found. It is important to note that these firms are also involved in recovering unclaimed property in the possession of state and local government entities.This is an information page for members of the public interested in sources of unclaimed money in New Zealand. Using such personal identifiers, these locator services try to find the prospective beneficiaries, or "payees," for canceled/unpaid government checks and, on their behalf, attempt to collect the payment amounts from the federal agencies that originally certified the payments. Personal identifiers may, however, exist in federal agencies' check issuance or cancellation records. These listings are not searchable by personal identifiers, such as a person's name or social security number. The information requested by these companies pertains to specific check symbols, numbers and dollar amounts identified on Treasury check cancellation listings compiled by Fiscal Service. Several companies, or locator services, engaged in the business of identifying and recovering unclaimed assets for profit, acquire federal check issuance data from Fiscal Service and various federal government agencies under the provisions of the Freedom of Information Act. The letter indicates that I can receive this unclaimed property if I pay a "finders" fee. I received a letter stating that the Treasury Department may owe me money or may be holding funds (or property) in my name. Their website was developed by state unclaimed property experts to assist the public, free of charge, in efforts to search for funds that may belong to you or your relatives. This association consists of state officials charged with the responsibility of reuniting lost owners with their unclaimed property. The National Association of Unclaimed Property Administrators' website is an excellent resource. (Individual State Unclaimed Asset Web Sites) National Association of Unclaimed Property Administrators.The titles and addresses for all federal agencies can be found in the United States Government Manual which is available in most public libraries.īelow are government agencies that have databases you can search for unclaimed money. Given this information, the agency responsible for certifying any payment due should be able to assist you in getting the current status of the payment involved. To find out whether any unclaimed funds are being held by the federal government, you need to determine the type of benefit or payment that could be involved, the date on which the payment was expected, and how the payment should have been made.
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