Treasury Launches Electronic Claims for Unclaimed Money | Itawamba Times
JACKSON, Miss. – State Treasurer David McRae today announced that the Treasury has launched an electronic claim process for unclaimed money. Principals can now search, claim and process unclaimed funds online, without a pen or paper.
“Over the past year, the treasury has returned over $ 27 million in unclaimed money to Mississippians. It was a significant economic stimulus during a difficult time for many families, ”said McRae. “Now we’re making this process even easier to perform remotely. With our new, modernized electronic claims system, Mississippians can complete the entire claims process online. “
Unclaimed funds are funds that are returned to the state when banks, credit unions, retail stores, and the like fail to find the rightful owner. After five years, financial institutions return this money to the state, and the Unclaimed Property Division of the Treasury is responsible for finding the owner and returning the money.
As of January 2020, the Treasury has returned more than $ 27 million in unclaimed money to Mississippians. Individuals or businesses may be holders of unclaimed money. Find yours at Treasury.MS.gov/UnclaimedMoney.