Revenue says it’s time to ‘Claim your Cash!’

April 15, 2014

By Staff

More than three million people have unclaimed money and assets held in trust by the Washington State Department of Revenue.

Revenue officials said there is no better time to check www.claimyourcash.org to see if you or a family member has a share of the nearly $1 billion in property waiting to be claimed.

“Even if you’ve checked the website or made a claim in the past, everyone should visit the website at least once a year,” said Revenue Director Carol K. Nelson. “The list of names and money we receive grows each year.”

Revenue administers the unclaimed property program on behalf of the state of Washington. All the assets are held until the rightful owner files a claim. Revenue does not charge a fee for this service.

Unclaimed property typically includes uncashed paychecks, utility deposits, bank accounts, stocks and bonds, refunds, life insurance proceeds and safe deposit box contents. Usually, these assets have gone untouched by the owner for three or more years, and the holding company is required to report them to the state where the owner last resided.

Between July 1, 2012 and June 30, 2013, the Department of Revenue returned more than $68 million to 170,800 people.

In that same time period, 858,000 names and $140 million were added to the unclaimed property database.

To learn more about unclaimed property, watch a television clip at http://bit.ly/1n8TEbP.

All 50 states operate unclaimed property programs to reunite owners with their assets. To find links to each state’s program, go to http://unclaimed.org/.

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