MADISON COUNTY, Ala. – The Treasurer’s Office wants the Alabamians to review their list for lost or forgotten property and money.
Many Alabamians may not know that money is waiting to be claimed, like Kassidy Reeder. When she discovered that she had unclaimed money in the treasurer’s office, she wondered if it was real.
“I didn’t think it was real because I never heard of it,” Reeder said, and she is not alone.
According to the Treasury Department, nearly 33 million people, one in ten, have unclaimed property in the United States. Alabama state treasurer John McMillan says his office returned over $ 36 million in 2020.
“Every two or three months people should take a quick look at this website and see if their name or company name might have any assets there,” said McMillan.
When Kassidy looked up, she had listed five claims, each between $ 25 and $ 100. She said she claimed it right away, filled out a form and is now waiting for the money to come in.
“But I don’t know how it doesn’t come to someone,” said Kassidy. “How, how do you not know it’s out there?”
McMillan answered the question, “Well, it depends where the money is coming from, but a lot of it comes from uncollected insurance policies or neglected, abandoned bank accounts and the like. All kinds of cash! The companies that have that have an obligation to make it state treasurer. “
The office says these assets could be in the form of cash, stocks, bonds, insurance benefits, or even valuables from lockers.
The State Treasury Office currently has more than a billion dollars in unclaimed property, and some of it could be yours! According to McMillan, this is the second time in recent years the finance department has hit a billion dollars in unclaimed property.
You can search Alabama’s unclaimed real estate database here. If you can find your name on the list, you can file a claim along with your proof of ownership.
For more information or assistance with a claim, call (888) 844-8400.