Ohio encourages people to search for 'missing money'

JM McBride

The state of Ohio says that Ohioans are searching for unclaimed money owed to them by the state "more than residents in any other state."

They are encouraging others to search for whether they are owed missing money. You can do so here.

According to the Ohio Department of Commerce Division of Unclaimed Funds, the average claim for $4,000.

“You can look up an unclaimed fund for anyone and we encourage you to do that,” Susie Wagner, Outreach Administrator for the Division of Unclaimed Funds said in a 2023 news release.

According to Fox8, there were 457,500 searches for unclaimed funds in Ohio.

“We have found that much of the unclaimed funds belong to people over 50 years of age and deceased individuals. So, we want people to not only search their names, search their parents, grandparents and any family members who are living or deceased.”

According to the Department of Commerce, Ohio has $3 billion in unclaimed funds. In the last year, “the Division returned more than $134 million in missing money to their rightful owners,” they wrote in the news release.

Money.Photo byAlexander MilsonUnsplash

“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,” the press release from the Department of Commerce says.

“Ohioans can check any time see if they have unclaimed funds online or by calling 614-466-4433.”

Comments / 3

Published by

Award-winning journalist and journalism educator for more than 25 years.

Oconomowoc, WI

More from JM McBride

Comments / 0