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Ohio Returns Record Amount of Unclaimed Funds

 
Posted Wednesday, July 16th 2014 @ 5pm  by Matt Bruning

COLUMBUS, Ohio (WSPD) -- During the last fiscal year, the state of Ohio returned a record $74.4 million in unclaimed funds to Ohioans. That's a 7.6 percent increase over the previous year.

The average unclaimed funds claim was $1,561.49.

Unclaimed funds are money or the rights to money that have been dormant or forgotten. Some common examples include: dormant checking and savings accounts, forgotten rent or utility deposits, uncashed checks, undelivered stock certificates and uncashed insurance policies. 

This April the state topped $1 billion returned to Ohioans since the Ohio Department of Commerce created a Division of Unclaimed Funds.

“The Department of Commerce, Division of Unclaimed Funds is committed to reuniting Ohioans with their hard-earned money and we are proud of the record amount that was returned this past year,” said Commerce Director Andre Porter. “This money can help Ohioans buy a tank of gas, pay off some bills, make a needed home repair or even expand a business which means jobs for Ohioans.”

You can visit http://www.com.ohio.gov/unfd/ to see if you have funds waiting to be claimed.

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