State Returned $84 Million In Unclaimed Property In Last Year
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BOSTON (CBS) – The State Treasurer’s office returned nearly $84 million in unclaimed property in the past year, according to Treasurer Steven Grossman.
Unclaimed Property includes forgotten savings and checking accounts, un-cashed checks, insurance policy proceeds, stocks, dividends, and contents of unattended safe deposit boxes.
Most accounts are considered “abandoned” and turned over to the Treasury after three years with no activity.
Massachusetts currently has about $2 billion in unclaimed property in its possession.
“This is not the state’s money – it belongs to the citizens of the Commonwealth. We want to take every step possible to get unclaimed property back into the hands of its rightful owners,” Grossman said.
The Treasury releases an updated list every six months of new unclaimed property accounts over $100 that have been turned over to the Commonwealth.
Grossman urged citizens to check the complete list of all properties held by the Treasury by visiting findmassmoney.gov or by calling 888-344-MASS.