State Treasurer Clint Zweifel returns $19.5 million in Unclaimed Property in first 6 months of fiscal year 2013

State Treasurer Clint Zweifel returns $19.5 million in Unclaimed Property in first 6 months of fiscal year 2013

Returns property to more than 71,000 account holders, on pace for record breaking year

 

JEFFERSON CITY – State Treasurer Clint Zweifel (ZWY-ful) announced today he has returned $19.5 million in Unclaimed Property in the first six months of fiscal year 2013. The total number of accounts returned in the first six months is on record pace with 71,000 returned. That is an 11 percent increase over the same time the previous year.

 

“It is important to me to return Unclaimed Property in the most efficient, transparent and customer friendly way I can,” Treasurer Zweifel said. “Individuals can sign up for email notifications, email search results to family and friends and search for property online 24 hours-a-day at www.ShowMeMoney.com. You can begin the claims process online and I never charge to return Unclaimed Property.”

 

Since January 2009, Treasurer Zweifel has returned $140 million to more than 450,000 account holders and cut wait times for Unclaimed Property in half. More than 73,000 paperless claims have been paid, and more than 61,000 people have signed up for email notifications.

 

The current 12-month Unclaimed Property records were set by Treasurer Zweifel in fiscal year 2012 when he returned $38.2 million to a record 130,000 account holders, breaking his previous record of $36 million to 120,000 account holders set in fiscal year 2011.

 

Treasurer Zweifel holds nearly $700 million for more than 4.3 million account holders. There are 61 accounts with more than $100,000 each waiting to be claimed. For more information about Unclaimed Property, go to www.ShowMeMoney.com.

 

About Treasurer Zweifel’s Unclaimed Property

State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to Treasurer Zweifel that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner for five or more years.  Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. Treasurer Zweifel does not handle real property such as land and houses or certain types of personal property such as cars and boats. There is $700 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.

About Mike Scott

Publisher of The Media, The Edina Sentinel and Nemonews.net Dedicated to community newspapers, and watching and reporting on local government and how local government spends YOUR tax dollars. If we don't, who will?

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