(Part 1 of 2)

As the smallest state in the country, Rhode Island is justifiably nicknamed "Little Rhody", but there's nothing little about the amount of Rhode Island unclaimed money currently being held by the RI Office of the General Treasurer. According to the office's web site, the state now holds in excess of 124 million dollars of the peoples' money, and the only thing stopping people from taking back their funds is knowledge and the ability to search correctly.

It's understandable that people have trouble accepting the reality of unclaimed funds because no one expects they can get free money. But "free" is not exactly the correct term to describe these lost assets, because they technically already belong to the people who are able to claim them (except in situations where they come from a relative who passed away). So people who shrug off this phenomenon as some type of myth are doing themselves a disservice by not realizing exactly where these properties come from.

According to the Office of the General Treasurer's web site, the following are some of the most common forms of unclaimed assets in RI: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are many other types, but those listed are the most common, and each is deemed abandoned or "unclaimed" after a certain number of years of inactivity. Once this dormancy period has gone by, the holders are required to hand them over to the state for holding until the rightful owner claims them. The state never actually takes possession of them, which means there is no time limit to claim lost money.

Even after learning the way in which funds become unclaimed, it's still tough to wrap our minds around the fact that there really are hundreds of millions owed to RI residents, and tens of billions nationwide. It's hard to accept that people have simply forgotten about these monies, but the truth is they have. In fact it has been estimated that in the United States 7 in 10 people are owed money. The difficulty is understanding how to locate and claim our cash.

(to be continued)

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A new YouTube video reveals how an

Guess who has
Guess who has

Disabled vet finds he has thousands in
the

Glendale assumes ownership of thousands of dollars in unclaimed money
Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in unclaimed checks got shuffled into the city’s General Fund, which pays for public services.

The Bottom Line: April 17 also deadline for
More than $1 billion in

(Part 2 of 2)

Even after learning the process by which assets become unclaimed, it's still tough to wrap our minds around the fact that there really are hundreds of millions owed to Rhode Island residents, and tens of billions across the country. It's tough to accept that people have somehow just forgotten about these monies, but the truth is they have. In fact experts estimate that nationally 7 in 10 people are due a claim. The trouble is knowing how to track down and claim our cash.

More often than not, people stand in their own way of tracking down their unclaimed money by doing things like searching the wrong websites and searching only one time. Not all unclaimed money websites are the same. Many do not have any real lost money records, and even the few that do often have mostly old data. Even official state records are often inaccurate because they are not updated in real time. Given that monies are handed over all the time, and each type has a unique dormancy period, a listing for a given resident's name may not be added to the database until the day, week or month after they search, leaving them with the incorrect impression that they aren't owed money.

Although in recent years Rhode Island has increased efforts to return missing money to the rightful owners, more money continues to come in than is returned to the owners, so the total will continue to grow, giving every citizen a better chance of discovering a claim. The state simply doesn't have the ability to efficiently locate everyone who has money coming to them so the best thing residents of Rhode Island can do is to learn how to search like expert finders do, and then use those strategies to maximize their searching abilities.

–

Guess who has
Guess who has

A new YouTube video reveals how an

Glendale assumes ownership of thousands of dollars in unclaimed money
Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in unclaimed checks got shuffled into the city’s General Fund, which pays for public services.

California holding $6 billion in unclaimed money
Could you use a little cash? The state of California is holding $6 billion in unclaimed money, even celebrities' money.

Action urged on unclaimed tax refunds
More than 200 Western New York residents are facing an important deadline: Claim their unclaimed or undelivered tax refunds by April 17, or lose out on the money for good.

(Part 1 of 2)

As the smallest state in the country, Rhode Island is justifiably nicknamed "Little Rhody", but there's nothing little about the amount of Rhode Island unclaimed money currently currently sitting in the Rhode Island Office of the General Treasurer. According to the office's web site, the state now holds in excess of $124 million of the peoples' cash, and the only thing stopping people from taking back their cash is know-how and the ability to search correctly.

It's easy to understand why people have difficulty accepting the reality of unclaimed money because no one expects to get free money. But "free" is not the proper term to describe these forgotten funds, because they technically already belong to the residents who are able to claim them (except in cases where they come from a relative who passed away). So people who shrug off this phenomenon as some sort of myth are doing themselves a disservice by not realizing exactly where these properties come from.

According to the Office of the General Treasurer's web site, what follows are some of the most common forms of unclaimed properties in Rhode Island: bank accounts, stocks and dividends, wages, refunds, safe deposit boxes, insurance payments, gift certificates, credit memos, account receivable credits and payables. There are quite a few other types, but those are the most common, and each is found to be abandoned or "unclaimed" after a certain number of years of seeing no activity. After this dormancy period has gone by, the holders must to pass them along to the state for safe keeping until the rightful owner claims them. The state never actually takes possession of them, which means there is no time limit to claim lost money.

(to be continued)

–

Thousands in Unclaimed Cash Could Be Yours
The Virginia Department of the Treasury is participating in a Fairfax workshop to help people collect unclaimed money.

A new YouTube video reveals how an

Overlooked resources could lead you to unclaimed cash
Sometimes the easiest way to wrangle a few extra dollars is when someone gives them to you for free. That's right: There's approximately $33 billion in unclaimed money out there from old savings accounts, uncashed checks, utility deposits, refunds, rebates, stocks, safe-deposit boxes and inheritances, according to the U.S. Treasury Department and other government agencies.

Money Matters: Is offer of unclaimed money a scam?
There are ways to check out asset recovery services, but before you spend money with one of these businesses try to find the money yourself.

Vallejo has $17,500-plus of
The city of Vallejo may have more than $17,500 in

(Part 2 of 2)

According to the Office of the General Treasurer's web site, what follows are some of the most common forms of unclaimed assets in Rhode Island: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are many other types, but those are the most common, and each is deemed "unclaimed" or abandoned after a particular number of years of seeing no activity. Once this dormancy period has gone by, the holders must to pass them along to the state for holding until the true owner makes a claim on them. The state never actually takes possession of them, so there is not a time limit to claim lost money.

Even after hearing about the way in which assets become unclaimed, it is still tough to wrap our minds around the fact that there are hundreds of millions owed to Rhode Island residents, and tens of billions across the country. It is difficult to accept that people have simply forgotten about these monies, but the truth is they have. In fact it has been estimated that nationally 7 in 10 people are due a claim. The difficulty is understanding how to track down and claim our money.

Most of the time, people stand in their own way of finding their unclaimed money by doing things like looking on the wrong web sites and searching just once. Not all unclaimed money web sites are the same. Many do not have any real lost money records, and even the few that do often have mostly outdated data. Even official state records are often not accurate due to the fact that they are not updated in real time. Given that assets are handed over all the time, and each type has a unique dormancy period, a record for a given resident's name might not be added to the system until the day, week or month after they searched, leaving them with the incorrect conclusion that they aren't owed money.

Although in recent years Rhode Island has increased efforts to hand back missing money to the rightful owners, more money keeps coming in than is given back to the owners, so the total will keep on growing, giving every citizen a greater chance of discovering a claim. The state simply doesn't have the capability to efficiently locate everyone who has money coming to them so the best thing people from Rhode Island can do is to learn how to search like expert finders do, and then use those tactics to maximize their search potential.

–

A new YouTube video reveals how an

IRS Has $1 Billion in
If you do, then the U.S. Treasury gets to keep your

Thousands in Unclaimed Cash Could Be Yours
The Virginia Department of the Treasury is participating in a Fairfax workshop to help people collect unclaimed money.

New ABC 7 Report Brings Light To California's
Pressbox (Press Release) – A new report on ABC 7 highlights the $6 billion

PA Treasurer McCord Returns Over $12,000 in Unclaimed Property to Pittsburgh Public Schools; Says 33 Other Allegheny …
PITTSBURGH — As school districts across Pennsylvania face state funding cuts and budget deficits, Pennsylvania Treasurer Rob McCord reminded public school officials to see if their districts may be owed …

(Part 1 of 2)

As the smallest state in the nation, Rhode Island is justifiably known as "Little Rhody", but there's nothing little about the amount of Rhode Island unclaimed money currently currently sitting in the Rhode Island Office of the General Treasurer. According to the office's web site, the state is now holding more than $124 million of the peoples' cash, and the only thing preventing people from taking back their money is know-how and the ability to search correctly.

It is understandable that people have difficulty accepting the reality of unclaimed money because no one expects they can get free money. But "free" is not really the proper term to describe these forgotten funds, because they technically already belong to the residents who can claim them (except in cases where they come from a deceased relative). So people who shrug off this potential windfall as some sort of myth are doing themselves a disservice by not recognizing exactly where these properties come from.

(to be continued)

–

ALBANY — Ever wonder what happens to your nickel deposit whenever you toss a soda can or beer bottle without returning it? Under a bill receiving serious consideration in the state Legislature, most of it would go back into a state fund that …

Vallejo has $17,500-plus of unclaimed money held by California
The city of Vallejo may have more than $17,500 in unclaimed money waiting in state coffers.That kind of money could convert about 35 high-pressure sodium street lights into energy-efficient LED street lights, said Vallejo Public Works Director David Kleinschmidt.

Guess who has
Guess who has

A new YouTube video reveals how an

(Part 2 of 2)

Most of the time, people get in their own way of finding their unclaimed funds by doing things like looking on the wrong web sites and searching just one time. Not all unclaimed funds web sites are the same. Many do not have any real lost assets records, and even those that do often contain mostly outdated data. Even official state records are notoriously not accurate due to the fact that they are not updated in real time. Given that assets are handed over constantly, and each type has its own dormancy period, a record for a given person's name might not be added to the system until the day, week or month after they search, leaving them with the incorrect conclusion that they aren't owed money.

Although in recent years Rhode Island has increased efforts to hand back abandoned assets to the rightful owners, more money continues to come in than is given back to the owners, so the total will continue to grow, giving each citizen a greater chance of locating a claim. The state simply does not have the capability to efficiently track down everyone who has money coming to them so the best thing residents of Rhode Island can do is to learn how to search like pro finders do, and then use those strategies to maximize their search potential.

–

12 Sources of Unclaimed Money
Below are a dozen different sources you can search to find your own forgotten money.

Many recent reports suggest that

Find out if the state is holding your unclaimed money, property
While Kendrick Perkins and Richard Seymour are both notable sports figures who departed Massachusetts franchises for other professional destinations, they also have something else in common: They both could soon be collecting money from the Massachusetts Treasury, which has identified hundreds of thousands of new individuals, charities and businesses over the last six months alone that are …

State must do more on refunds: Letter
Per the department's website, $144 million of available

Under law, the

(Part 1 of 2)

As the smallest state in the country, Rhode Island is understandably nicknamed "Little Rhody", but there is nothing small about the amount of Rhode Island unclaimed money currently currently sitting in the Rhode Island Office of the General Treasurer. According to the office's web site, the state is now holding more than $124 million of the peoples' money, and the only thing preventing people from taking back their cash is know-how and the ability to properly search.

It's understandable that people have trouble accepting the reality of unclaimed funds because no one expects they can get free money. But "free" isn't really the right term to describe these lost assets, because they actually already belong to the residents who are able to claim them (except in situations where they come from a relative who passed away). So people who shrug off this potential windfall as some kind of scam are doing themselves a disservice by not recognizing exactly where this money comes from.

According to the Office of the General Treasurer's web site, the following are some of the most common types of unclaimed properties in Rhode Island: stocks and dividends, bank accounts, refunds, wages, account receivable credits and payables, insurance payments, safe deposit boxes, credit memos, gift certificates. There are many other types, but those listed are the most common, and each kind is found to be abandoned or "unclaimed" after a particular number of years of seeing no activity. Once this dormancy period has gone by, the holders have to to hand them over to the state for holding until the rightful owner claims them. The state never actually takes possession of them, so there is no time limit to claim lost assets.

Even after hearing about the way in which assets become unclaimed, it is still tough to wrap our brains around the fact that there are hundreds of millions waiting to be found by Rhode Island residents, and tens of billions across the nation. It's hard to believe that people have simply forgotten about these properties, but the truth is they have. In fact it has been estimated that nationally 7 in 10 people are owed money. The trouble is knowing how to locate and claim our cash.

(to be continued)

–

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