2012's Top Ways to Search for Unclaimed Funds

Unclaimed money has increased at an alarming pace in the federal and state government accounts. This unclaimed money comes from people’s dormant saving account, insurance policies, unclaimed ITR, unclaimed safety deposit accounts, certificate of deposit, unclaimed mutual funds, bonds and shares, unclaimed money orders or un-cashed cashier’s checks, matured insurance policies, escrow accounts, un-cashed royalty payments and many more sources. As per the report of US treasury department, 7 citizens out 10 are entitled to claim money in their name.

Any person, who has held any type of the accounts mentioned, is eligible for unclaimed funds. To search for this, one has to search one’s name in the government website to find money lying in federal agencies in the state. The fund has most likely been lying with the different state or federal agencies for more than three to four years and now it is time that it should reach to its rightful owner. There are ways that make a search for unclaimed assets easy and smooth for a person. There few basic things given that everyone should consider before initiating search to make it successful at the end.

Enlist all places of Past Residence
The foremost thing before searching government databases for unclaimed money is listing out all the places of past residence. It is advised to make a list of all the addresses and other things related to it. Do not forget a single place as forgetting a single place can cut down the chances of getting unclaimed money. Besides that, noting down name of all the family members along with their birth dates also prove helpful.

Visit Officially Endorsed Websites
Finding unclaimed money has become very easy as it can be done with the help of the Internet. The money can be searched on the official websites run by the federal and state government agencies. All the data related to the searching procedure and money is properly given in an organized way in every website. On a request, the websites thoroughly carry out unclaimed money search and assets in respective states. These websites are updated on regular basis, with the latest data for state and provincial offices. Including that, these websites give opportunity of free unclaimed money search.

Multiple State Run Database Websites
A person can search for his/her unclaimed money on multiple state-run database websites rather than relying on a single website. These websites offer information related to different states in a single window. In other words, a person can search information on different accounts of different states at the same time. This type of website that has databases of different accounts such as bank accounts, safe accounts, stock investments, bonds, mutual funds, insurance policies, trust funds, utility deposits escrow accounts, etc. These websites also give opportunity of free unclaimed money searches.

Contact with Federal Agencies Directly
If a person fails to track down his or her unclaimed funds, then he or she can contact the federal agencies. Find the contact details of local federal agencies on the Internet to contact them, and they can search their own database for the unclaimed funds.
Once the details related to lost money are found out, then the next step is, to claim the ownership of the money by providing proper documents such as ID proof, residence number and social security code.