The Ohio Department of Commerce Division of Unclaimed Funds is safeguarding more than $4 billion in unclaimed funds. In the last year, the Division returned more than $139 million in missing money to their rightful owners. The Division reports that much of the unclaimed funds belong to people over 50 years of age and deceased individuals. They encourage people to not only search their names, but to also search the names of their parents, grandparents and any family members who are living or deceased. People should also search variations of their name if it is frequently misspelled.
Unclaimed funds are lost or forgotten money that businesses and banks report to us after accounts become inactive, typically 3-5 years. The money comes from inactive checking and savings accounts, refund/credit balances, uncashed cashier’s checks, stocks and bonds, forgotten utility deposits or last paychecks.
Ohioans can check any time see if they have unclaimed funds online or by calling 614-466-4433.