The property doesn't only belong to individuals but to small businesses, nonprofits, government entities and more. This can include money in unclaimed bank accounts, insurance and utility refunds, matured CDs, stocks, contents of safe deposit boxes and more. You may be wondering what types of unclaimed property may be discovered - I know I was certainly curious! Property may include assets from banks, insurance companies, utilities and more that the institutions were unable to return. Score! Amazingly, 1 in 4 Illinois residents find unclaimed property when they search. Then, fill in your name and zip code and hit search to see if there is any outstanding property in your name! Each year the program helps reunite tens of thousands of Illinoisans with forgotten property. Hmmmmm.that can come pretty handy at the holidays! Plus, my birthday is around the corner.I'm just saying.
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I tried it last week with my husband and quickly learned that he has an outstanding PayPal amount that he totally forgot about. Fortunately, the Illinois Treasurer has a simple program called "I -Cash" where you can easily discover and claim any outstanding property. With so much property safeguarded, you may feel a little trepidation in pursuing missing property, or concerned about facing a cumbersome process. Wow! That is a lot of property that can be put to good use. This amounts to about $2.5 billion in unclaimed cash. What you may not know is that the Illinois Treasure safeguards the unclaimed property of millions of Illinois residents. We have all done it - lost track of a check or forgotten about the remaining balance in an old account. All opinions are 100% my own and I am happy to share this with my audience because the program may be of use to them. It only takes a second to check so don’t hesitate! You or your loved ones could have cash waiting for you.**Disclosure: This post has been sponsored by "ICash". It seems that my family and I have been too diligent in keeping track of our money so we personally did not have any to claim but I know quite a few people who have found up to a couple hundred dollars! That could buy a few tanks of gas or start a college fund. It’s in your best interest to check and see if you have any recovered property held by the Illinois Treasurer! Just think you could find a paycheck you forgot to pick up and go on a mini-vacation with it! It’s summer, buy a pool! People have been known to find old war medals, stocks, old utility deposits, or they find inheritances that they never knew they had or just money that had been misplaced. How does money become unclaimed you ask? People move, relatives pass away and banks are required by law to turn over any unclaimed property. The average claim is about $1000, while the highest claim was more than $8 million in 2012. With more than 13 million names in the I-Cash database, one in four Illinois adults who search the website discovers property to claim. Receive your property in an average of three weeks’ time and enjoy! If it’s a match, submit the online claim formģ. Enter your name (or a family member or friend’s name) into the online search fieldĢ. The I-Cash website ( ) is a free and easy way for people to discover if they have cash or other assets to recover.ġ. These assets are transferred to the Treasury after banks, government agencies, and other companies become unable to return them to their rightful owners. The Illinois Treasurer is currently safeguarding more than $2 billion in cash and 20 million shares of stock and mutual funds that need to be returned to Illinoisans. The I-Cash program was founded in 1999 with the goal of assisting Illinois residents in reclaiming their recovered assets. I was compensated for this post by the Illinois Treasurer’s I-Cash program. If you click on an affiliate link I will earn a commission which supports this site.
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