Unclaimed Cash From Your State May Prove Your Next Coronavirus Stimulus Check

Published on

Another round of stimulus checks may never come, and many other stimulus payments that were initiated during the pandemic are set to expire soon. Some states are sending fresh stimulus checks to their citizens, but this may not be enough for many. So, if you are looking for more money, then one unexpected source for your next coronavirus stimulus check could be the unclaimed cash reserves of your state.

Get The Full Walter Schloss Series in PDF

Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 2021 hedge fund letters, conferences and more

Unclaimed Cash Could Prove Your Next Coronavirus Stimulus Check

Many states have millions of dollars in unclaimed cash. If you are among those who have some unclaimed money from your state then this may be the right time to claim it.

Millions of people have still not recovered financially since the start of the pandemic last year. So, this unclaimed cash could prove to be another coronavirus stimulus check for them, helping them to reduce their financial woes.

Your states may have unclaimed cash for you in the form of an uncashed check, a safe deposit box, stocks, bonds, property and more. However, since it is unclaimed, it is very likely that you aren’t aware that your state owes you any money.

Many states share this information online. For instance, New York has about $17 billion in unclaimed property, while California has over $10 billion in unclaimed assets. In case your state doesn’t share this information, there is an easy way to find it out.

All you need to do is head to the National Association of Unclaimed Property Administrators site. This site has links to official websites that will help you to search for unclaimed property by each state, as well as for Guam, Puerto Rico, Virgin Islands and the District of Columbia.

How To Check If Your State Owes You Any Money

To find out if your state owes you any unclaimed cash, follow the below steps:

Do you know which under-the-radar stocks the top hedge funds and institutional investors are investing in right now? Click here to find out.

  • Go to unclaimed.org, and select your state or province, or click on your state on the map. You will be redirected to your state's unclaimed property page.
  • Now you need to select an option related to searching for unclaimed property. Different states may have different options for this. For instance, California has a "Search for Unclaimed Property" option, while the option on Texas’ website says "Get Started."
  • You will now have to enter your information to help the site find any unclaimed cash for you. The site may ask for your full name, city and more.

Another way to search for any unclaimed cash that your state may owe you, is to use the Missing Money website. This website, however, doesn’t show information for 11 states, including Washington, Hawaii, California, Connecticut, New Jersey, Pennsylvania, Kansas, Oregon, Delaware, Georgia, and Wyoming.

Another site, FindMyFunds, can also help you to search for unclaimed cash, but it only shows details for 25 states and the District of Columbia.

If the search results show that your state owes you some money in the form of unclaimed cash, then you can submit an application to claim it back.

Signup to ValueWalk!

Get the latest posts on what's happening in the hedge fund and investing world sent straight to your inbox! 
This is information you won't get anywhere else!