Unclaimed Funds

Unclaimed funds are money or assets—like bank accounts, inheritances, or safe deposit box contents—that haven’t been accessed or claimed by their rightful owners for a certain period, typically several years. When the owner doesn’t contact the institution to reclaim the funds, the money is transferred to state or government custody. These funds are held in trust until the owner or their heirs claim them. Unclaimed funds are a common, legitimate way for governments to safeguard abandoned assets and help individuals recover assets they might have forgotten or lost track of.