If a possible claim is found, a box will pop up detailing the asset. Jennifer Wheeler: 81 to check for unclaimed assetsġ. Hahn said web traffic at the new website has increased 185 percent and claims have increased 383 percent compared to the numbers one year ago to date. “We did some research on the ‘Cash Dash’ name and learned about one of five people recognized the name,” she added. However, the initiative’s website was not user friendly and residents were unsure if it was tied to a government agency. The program had operated under the name “Cash Dash” since 1999. All remittable mutual funds shall be registered and delivered to: Treasurer. § 1715) JMinute Entry Granting Motion for Preliminary Approval and Setting Hearing Date. Future dividends that accrue are to be remitted in cash. CAFA Notice Materials (Notice Provided to the Attorneys General of the States Pursuant to 28 U.S.C. The Illinois Treasurer is legally required to get the property to the rightful owners no matter how long it takes for them to come forward. The Illinois Treasurer holds these lost funds until they are claimed by either the original owner, heirs, or legal representatives. Plaintiffs Memorandum in Support of Their Motion for Preliminary Approval. The Illinois State Treasurers Office is holding over 3.5 billion in unclaimed funds for Illinoisans. “The unclaimed property (program) was designed as a consumer protection measure so that if you didn’t pick up your last paycheck at a job, then legally that employer had to hold on it,” Hahn added. Plaintiffs Motion for Preliminary Approval. Unclaimed assets are typically transferred to the state after they have been inactive for five years.Įverything from a individual’s war medals to items in safe deposit boxes from deceased relatives could end up in the state treasurer’s office, which acts as a custodian of the property. The database was created to help residents track down assets on unclaimed accounts, including money, stock, CDs or items in safe deposit boxes, Hahn said. The treasurer’s office is holding on to $1.5 billion in cash for the entire state. In Winnebago County there is more than $20.6 million worth of unclaimed assets between 103,000 residents, and in Boone County there is more than $2.1 million between 13,000 residents. “Technology has changed over the years and we are trying to jump ahead to meet the demands for website ease and navigation,” said Melissa Hahn, spokeswoman for the Illinois State Treasurer’s Office. These names are from records prior to 1992.
Since the Illinois State Treasurer’s Office launched its I-Cash program in July, 780,000 names of residents have been added to a database identifying individuals who have unclaimed property. Because unclaimed property is surrendered to the treasurer’s office twice each year, you are encouraged to check the database twice each year for example, on your birthday and six months later.ROCKFORD - More than $22 million dollars is waiting to be claimed by residents of Winnebago and Boone counties. The state treasurer is legally required to return the property to the rightful owner no matter how long it takes.Īn estimated one out of every four people in Illinois have unclaimed property.
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How To Find Illinois Unclaimed Money The Illinois State Treasurer's Office maintains an official searchable database of unclaimed money. Please click 'BACK TO CART' to return to your cart, or 'BACK TO HOME' to return to the home page. These properties will be removed from this claim. You can see if your name is among the thousands who have missing money by searching your name, a relative’s name, the name of a business or the name of a non-profit organization.Įxamples of unclaimed property include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. An estimated one-in-four adults in Illinois who search the state's unclaimed property website, also known as iCash, find unclaimed property that should be. As of December 2021, the Illinois State Treasurer's Office reports over 3.5 billion dollars worth of unclaimed property and unclaimed money, waiting for the rightful owners to submit a claim. NOTE: All selected properties have already been claimed by this email address and are ineligible to be claimed again. The Illinois State Treasurers Office connects people with their cash and other. Wilhour want you to know that most people are surprised to learn that the state might have their missing money or unclaimed property – and they don’t even know it. Illinois State Treasurer Michael Frerichs and Rep.
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