Alabama has more than $1 billion in unclaimed property; Find out if any of it is yours
Published 8:35 am Monday, February 1, 2021
February 1 is the first-ever National Unclaimed Property Day and there has never been a better time to search for your lost or forgotten money.
Alabama’s State Treasurer John McMillian wants people to check its list for lost or forgotten property and money.
McMillian’s office has more than $1 billion in unclaimed property, according to a press release. That includes cash, stock, bonds, insurance benefits and valuables from safe deposit boxes.
The assets are turned over to the state each year by businesses, banks and other financial institutions that lose contact with the owners. “Our office diligently works to identify, notify and pay the owners of these properties as simply and quickly as possible,” McMillan said. “Our work is even more important now, during the pandemic and economic hardships when every penny counts.”
During the 2020 fiscal year, McMillan said his office returned more than $36 million to rightful owners and their heirs.
Search for your name on Alabama’s unclaimed property database here. If it’s there, McMillan said it’s free to file a claim along with proof of ownership.