Ohio Department of Commerce Director Andre T. Porter urges Madison County residents to join in the 2014 Unclaimed Funds Treasure Hunt by checking the Madison Press on Tuesday, April 15. By checking the newspaper advertisement, readers can find out if they are entitled to unclaimed funds turned over to the Ohio Division of Unclaimed Funds in the past year.
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 and utility deposits, uncashed checks, undelivered stock certificates, and uncashed insurance policies.
“The Department of Commerce Division of Unclaimed Funds is committed to reuniting Ohioans with their hard-earned money. Check the Madison County list to see if you, your family or your friends have unclaimed funds,” said Director 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.”
In Fiscal Year 2013, the Division paid 53,580 claims worth approximately $69.2 million. The average claim was for $1,292.
The Madison County advertisement will include 613 unclaimed funds accounts worth $547,508.58. The advertised accounts, each valued at $50 or more, were turned over to the Division within the past year for individuals whose last known address was in Madison County. The advertised names will appear in alphabetical order by the owner’s last known city and then in alphabetical order by the owner’s last name. A list of unclaimed funds accounts is available on the Department of Commerce’s Online Treasure Hunt website at www.unclaimedfundstreasurehunt.ohio.gov along with forms for individuals and organizations to use in claiming their money.
Madison County information for all accounts (includes those being advertised and other accounts):
Total number of Madison County accounts: 14,909
Value of Madison County accounts: $1,476,586.78
Division Superintendent Yaw Obeng encourages Ohioans to visit www.unclaimedfundstreasurehunt.ohio.gov to see if they have funds waiting to be claimed. Individuals without Internet access can write to the Division of Unclaimed Funds and provide the full name(s) to be researched, along with the counties in which the person(s) might have resided. The Division’s address is 77 S. High St., 20th Floor, Columbus, OH 43215. Anyone with questions about unclaimed funds can call the Division toll free at 1-877-644-6823 (OHIO UCF).