How to Find Unclaimed Property and Money

Military personnel frequently move and sometimes things get lost in the shuffle. For example, you may switch banks or credit unions when you PCS and forget to close out an account. You may have been due to receive a tax refund, security deposit, utilities deposit, or a dependent may PCS in the middle of a…
Advertising Disclosure.

Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone. This article may contain links from our advertisers. For more information, please see our Advertising Policy.

default image

Military personnel frequently move and sometimes things get lost in the shuffle. For example, you may switch banks or credit unions when you PCS and forget to close out an account. You may have been due to receive a tax refund, security deposit, utilities deposit, or a dependent may PCS in the middle of a pay period and not receive their final paycheck. If it’s only a few hours, they may not even notice they didn’t receive it. But that money doesn’t just disappear – it gets turned into the state where it awaits to be claimed.

Each year there are millions of dollars worth of unclaimed property and money turned over to states across the nation.  Individuals who have rights to this wealth of assets may not even know they are the rightful owners of this unclaimed property.  It is estimated that one in eight American’s could be the owners of the estimated 32 billion dollars currently held in states across the country.  Here we look at some of the assets that are being held and how you can find out if you are entitled to any of this unclaimed property.

How to Find Unclaimed Property and Money

Types of unclaimed property

Sometimes referred to as abandoned property, unclaimed property is considered as any assets held in financial institutions that have no activity or contact with the rightful owner for a period of one year or longer.  The following list is an example of common property that makes up the bulk of the assets currently being held by state treasurers and other agencies.

  • Pay checks
  • Real estate (land and homes)
  • Gift certificates
  • Cash
  • Bonds
  • Jewelry
  • Coins
  • Inheritances
  • Remaining balance in checking and savings accounts

Are you entitled to some of this wealth?

Anyone can find out if they are the rightful owners of unclaimed property by doing a little bit of research.  Since companies are required to send unclaimed property to the last known state of residency listed for the owner, your search can begin in the state in which you currently live and other states where you have resided throughout your lifetime.  To make this search quick and easy, the National Association of Unclaimed Property Administrators (NAUPA) recommends searching the website,  This website has a collective database of unclaimed property reported by individual states.  While each state maintains its own database, most also list unclaimed assets on the Missing Money website to make it easier for individuals to search in one central location.

Be wary of scams

Searching for unclaimed property using these resources is free. It does not have to cost you a penny.  Unfortunately there are many companies that offer to do the legwork for you, for a fee.  It is important to note that paying a company or business to do the search for you will not turn up any property that you would not have been able to locate on your own for free.  Companies called “finders” or “locators” are often hired by the business trying to locate the rightful owner.  These companies may track down the owner of unclaimed property and notify them of property which they are entitled to claim.  This is usually accompanied by a fee (normally 10 percent).  While most of these companies are legitimate, it is imperative individuals contact the unclaimed property office in their state to confirm they are dealing with a legitimate firm.

Prevent unclaimed property

Remember, in many cases property is considered abandoned after one year of no contact. It is important to remember to keep track of where your assets are currently held – a good way to do this is to consolidate financial accounts.  When you move, get married or have other major changes that result in little or no activity on a financial account, make a point to contact the institution to prevent that property from being turned over to the state. In some cases, your property can be seized by the state if it is not claimed.

Get Instant Access
FREE Weekly Updates! Enter your information to join our mailing list.

Posted In:

About Ryan Guina

Ryan Guina is The Military Wallet's founder. He is a writer, small business owner, and entrepreneur. He served over six years on active duty in the USAF and is a current member of the Illinois Air National Guard.

Ryan started The Military Wallet in 2007 after separating from active duty military service and has been writing about financial, small business, and military benefits topics since then. He also writes about personal finance and investing at Cash Money Life.

Ryan uses Personal Capital to track and manage his finances. Personal Capital is a free software program that allows him to track his net worth, balance his investment portfolio, track his income and expenses, and much more. You can open a free Personal Capital account here.

Featured In: Ryan's writing has been featured in the following publications: Forbes,, US News & World Report, Yahoo Finance, Reserve & National Guard Magazine (print and online editions), Military Influencer Magazine, Cash Money Life, The Military Guide, USAA, Go Banking Rates, and many other publications.

Reader Interactions


    Leave A Comment:


    About the comments on this site:

    These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

  1. Mary Pitman says

    Just a few additional details since this is my area of expertise … Not all states participate on the site. Click on the map of the US on the missingmoney home page. It will take you to a color-coded map. Green states have their info on the site. Blue do not. Yellow are uploading their data. I get more hits by going to the individual states because very new and very old listings are not on missingmoney.
    If the address for the owner is unknown, it may end up in a state you never lived in. Escheat (the process of the money going to the state) priority rules state (as mentioned in the article) that the money goes to the state of the owner’s last known address. If the address is unknown, then it gets turned over to the state in which the holder of the money is incorporated.
    Your readers can get a free download of the first chapter of my book by going to my website. The chapter is “Finder’s Fees … To Pay or Not to Pay.” There are lots of things to know to protect yourself and know your rights!
    Since this is a military site, here’s something I mentioned in the book relevant to you: Those eligible for retroactive stop loss pay need to submit a claim by Dec. 3, 2010. Since that deadline is approaching, I wanted to mention it.
    I hope this was useful information to you.

The Military Wallet is a property of Three Creeks Media. Neither The Military Wallet nor Three Creeks Media are associated with or endorsed by the U.S. Departments of Defense or Veterans Affairs. The content on The Military Wallet is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on The Military Wallet should not be attributed to the Dept. of Veterans Affairs, the Dept. of Defense or any governmental entity. If you have questions about Veteran programs offered through or by the Dept. of Veterans Affairs, please visit their website at The content offered on The Military Wallet is for general informational purposes only and may not be relevant to any consumer’s specific situation, this content should not be construed as legal or financial advice. If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. References to third-party products, rates and offers may change without notice.

Advertising Notice: The Military Wallet and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on The Military Wallet; For any rankings or lists on this site, The Military Wallet may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. If a ranking or list has a company noted to be a “partner” the indicated company is a corporate affiliate of The Military Wallet. No tables, rankings or lists are fully comprehensive and do not include all companies or available products.

Editorial Disclosure: Editorial content on The Military Wallet may include opinions. Any opinions are those of the author alone, and not those of an advertiser to the site nor of  The Military Wallet.