Pennsylvania’s $4 Billion Forgotten Bounty: Could Some Be Yours?

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Pennsylvania Treasury Department currently has over $4 billion in unclaimed property that includes dormant bank account funds, stocks, and much more. Is any of it yours?

Pennsylvania Treasury Department currently has over $4 billion in unclaimed property that includes dormant bank account funds, stocks, jewelry, and much more, writes Ashley Adams for The Keystone.

Treasury Department data shows that one in ten Pennsylvanians is owed unclaimed property, with a typical claim amounting to approximately $1,600.

With National Unclaimed Property Day – February 1 – just behind us, now is the ideal opportunity to check if any money or property being held by the state belongs to you at the Treasury Department’s Unclaimed Property page.

Assets that qualify as unclaimed property are those that are considered abandoned or dormant. This can include bank accounts and uncashed dividends or payroll checks as well as tangible property that is held in the Treasury’s vault, like collectible coins, military medals, and antiques.

Those items usually come from abandoned safe deposit boxes, hospitals, nursing homes, and evidence from police departments.

However, the state will only hold any unclaimed property for three years before it is auctioned off.

“We work for at least three years to find the rightful owners of every item that comes to the Treasury’s vault,” said state Treasurer Stacy Garrity. “But eventually, we do have to auction items to make room for incoming property.”

Read more about Pennsylvania Treasury Department’s $4 Billion in unclaimed property in The Keystone.

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Here’s a walkthrough of how to check your unclaimed property rights in Pennsylvania:

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