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Treasurer Moore announces $3.1 million of unclaimed property returned during July

Mountain Media, LLC by Mountain Media, LLC
August 14, 2024
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‘Top 10’ Month Kicks of New Fiscal Year of Returning Funds

State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned more than $3.1 million worth of funds to individuals, businesses and other organizations during the month of July.

“July was the tenth-highest month for returns in our program’s history,” Treasurer Moore said. “Typically July is one of our lighter months for returns, due to processing pauses required as we close the books on the old fiscal year and transition to the new one, so this $3.1 million month is an exceptionally strong amount of returns for this time of year.”

The Unclaimed Property Division returned a total of $3,120,509 paid out across 1,565 claims during July, which was the first month of the state’s 2025 Fiscal Year. This is on top of another record-breaking $28 million returned over the last fiscal year.

While the Office is returning money at the fastest pace in state history, it’s also receiving new claims at a near-record pace too. The State Treasurer’s Office now has nearly $436 million worth of listings in its database.

For more information or to search and see if the Unclaimed Property Division is holding any funds for you, visit www.WVUnclaimedProperty.gov.

What is Unclaimed Property?

Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)

West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.

Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.

How Can I Find Unclaimed Property in My Name?

West Virginians searching for lost financial assets can go to www.WVUnclaimedProperty.gov. In addition to finding property, the website will also help you track a claim.

A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.

To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.

 

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