Sunday, February 10, 2019

How To Reclaim Found Money In Your Name

By Frank Cole


Nothing rivals the thrill of discovering that you have some unclaimed cash in your name. Although it is normal to feel thrilled after you find lost cash, the rule of thumb is to take the required steps to ensure that the cash is reclaimed from the federal government or state to your account. Consider reading on and discover useful insights into how to reclaim found money.

When it comes to asking for unclaimed cash in your name, the process often varies by state. This means that you should not be looking for a one size fits all solution to get your cash. Nonetheless, the initial step to claiming your unclaimed cash is to visit the appropriate website. Consider visiting the website of the National Association of Unclaimed Property Administrators. You will get links to respective state sites.

Identity verification is the next important step in reclaiming your uncollected monies, once you have established the appropriate online site. This will vary according to the state, but some of the basic documents include a copy of the social security card or proof of your social security number. It is important that you do not leave out a state-issued ID, such as your driving license.

Besides the documents above, you may still be required by your state to verify the address to the property you are claiming. For the most part, people use a utility bill. However, your current address is a requirement in most states. In other words, the state will need that you prove full identity and address for them to confirm that you are the genuine recipient to the unclaimed cash.

Once you have checked the relevant site and have prepared all the documents they need, the next stage is where most people enjoy. You can now file your claim in order to have the lost cash transferred to your account. But before you do that, a good rule of thumb is to carefully go through the claim instructions on the website. You may want to make sure your state allows electronic submission of documents.

Once you have found the missing cash and submitted your documents either through snail mail or online, you can now wait for the check to arrive. This, unfortunately, varies widely according to the state. Some states only take two weeks from the time you filed the claim, while others may take more than six months. In some cases, you may not know the amount you will get until the check arrives.

One of the reasons why most people do not know whether they have unclaimed cash is they only check for it with NAUPA. There are many other sites that could have links to your state. In addition, check the sites of all the states you may have lived in the past just to be sure.

An important tip to consider is to search for any other names besides yours. Many people are surprised to find cash owed to their parents. Apart from state treasuries, you may also have unclaimed cash with the Internal Revenue Service in the form of tax refunds.




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