Last year, the state returned more than $50 million in unclaimed funds to their owners. Alabama currently holds more than $1 billion in unclaimed funds for its citizens.
And state Treasurer Young Boozer said the state “might have a gift in store for you” as he announced Thursday as “National Unclaimed Property Day.”
According to his office, one in seven Americans You have so-called “unclaimed property,” meaning financial accounts or items of value whose owners have not been active in years.
If that happens and the company cannot find the owner, the money or property will be turned over to the state. Common examples include unpaid life insurance proceeds, paychecks, forgotten bank accounts, and utility company direct deposits. In 2023, states returned more than $5 billion to Americans on request.
“There is nothing that gives us greater joy than reuniting people with money,” Boozer said in a news release. “Funds are handed over to us once a year so we would like to remind people to check our website. treasury alabama government, every year on my birthday. This is an easy way to remember and we may just have a gift in the form of unclaimed property funds for you.
“Unclaimed Property Returned $50.7 Million to Alabamians in 2023.”
Administered by the State Treasurer's Office; unclaimed property in alabama We will return these funds to their rightful owners for free.
Individuals are also welcome to come. treasury alabama government Search for your name, the names of the companies you own, and the names of your family members. All searches are free.
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