South Carolina citizens can now search for unclaimed property on a national database that includes property being held by 42 states after the state Treasurer’s Office joined the website MissingMoney.com
State Treasurer Curtis Loftis told South Carolina Radio Network that each year companies turn over billions of dollars to states’ unclaimed property programs when they cannot locate the owners of the funds.
“Many people in South Carolina have lived or worked in other states, so it’s a good idea for them to check each state’s unclaimed property program for money they may have left behind,” Loftis said.
The information on the site is updated weekly and there is no charge to search the databases. If a search turns up unclaimed property, the owner will be provided information on how to start the claims process. “By joining MissingMoney.com, we’ve provided our citizens with a single source for locating property across the country. This is just another way we can help reunite individuals with their lost funds,” Loftis said.
During the 2015-2016 fiscal year, the Treasurer’s Office said it returned over $23 million in unclaimed property to South Carolinians, a 28% increase over the previous year. The funds typically come from bank accounts, uncashed checks, stock certificates, insurance policies and utility deposits.
South Carolina’s Unclaimed Property Program currently has more than $500 million in unclaimed funds. For more information, or to search for unclaimed property, visit www.treasurer.sc.gov or www.MissingMoney.com.