What is Unclaimed Money & How Do I Find It?

The thrill of pulling out a jacket from last season, putting your hand in one of the pockets, and unearthing a $10 bill is unmistakable.

Some people-including yours truly-even get excited when they notice loose change on the sidewalk.

What if there were hundreds of dollars waiting for you somewhere? If you’re part of the 10% of people who have unclaimed money tied to their name, that could be the case.

It’s time to explore precisely what unclaimed money means, determine if unclaimed money is legit, and figure out how to find yours.

What is Unclaimed Money?

Sometimes called unclaimed property, unclaimed money results from inactivity or no contact related to various accounts people set up.

These accounts could be tied to employment, investing, housing, or other aspects of your finances.

If an account owner doesn’t make contact and there’s no activity in an account after a specific duration, that property or money is considered unclaimed, and the money is turned over to the state.

Types of Unclaimed Money

Unclaimed money exists in many forms. The most common type of unclaimed money is intangible, though some people may also have unclaimed property or unclaimed funds in tangible forms.

Basically, that means you’re a lot less likely to find an actual $10 as you are to find a digital…