AUGUSTA — The office of the State Treasurer has received more than $12 million in the form of unclaimed property in the past year, and Mainers are being urged to check whether any of that cash belongs to them.
“Unclaimed property” is money owed to Maine people by third parties, such as former employers, banks or utility companies. Organizations are required to give unclaimed property to the State Treasurer after a specified period of time, after which the owner of the unclaimed property can retrieve it from the state.
“I always encourage Mainers to check out the list and see if you have money that owed back to you,” said Sen. Bill Diamond of Windham. “You may have money coming your way.”
Even if you have done everything right, you could have unclaimed property. It could be from a forgotten account, an overpaid bill or uncollected wages. This money could be unclaimed as a result of a change in name, addresses or bank account.
You can search the Treasurer’s Unclaimed Property List at www.maine.gov/upsearch. If you find your name or the name of your current or past businesses on the list, you can claim the property immediately online — for free.
You can also search your friends and family and let them know about unclaimed properties that may belong to them. To find out if you are owed money in other states www.missingmoney.com serves as a National Database.
The Office of the Treasurer receives new properties throughout the year. Be sure to check back as often as you can!