Our financial lives can get complicated, and sometimes things slip through the cracks.
I forgot about an old account when I moved from California to Utah a few years ago. I kept $140 in a checking account at a credit union to maintain membership, since credit unions often have great auto loan rates. The account slipped my mind, and I never notified them that I had moved.
I often run “missing money” searches for my clients, and for fun, I ran one for myself. Lo and behold, I got a hit! I found that old checking account. So I called them to prove my identity, and they sent me a check for a little over $140.
According to the National Association of Unclaimed Property Administrators, in 2015 $3.2 billion was returned to its rightful owners by unclaimed property administrators.
Could you unknowingly be owed money?