Huntington Beach, CA (PressExposure) August 12, 2009 -- Cashunclaimed.com announces US unclaimed money is still growing in each state across the country. With many in the nation suffering from the strain on the economy there is still new money being added to state unclaimed money databases regularly.
California unclaimed money still totals over $5.7 Billion. New York State added $569 million in unclaimed money to its pile, which now totals over $9.9 Billion.
Since wallets are straps across the country, many people could benefit from getting back some money that is owed to them.
While the states have attempted to increase efforts to reach the money owners, the efforts are pretty futile. Most states mail letters to the lost property owners. The problem is they are mailing letters to the last address on record, just as the financial institution who was holding the money before the state did for 3 years.
The last address on file for the account is most often out of date contact information that the lost property owner forgot to update. After about 3 years the money is turned over to the state to be held until the property owner claims the unclaimed funds.
Cashunclaimed.com founder Bill McIntosh urges, âPeople cannot wait to be contacted by the government to get their money back. They need to take action and search for them to see if they are owed unclaimed money.â
Unclaimed money can be from many different places. Some of the most common forms of unclaimed cash are from forgotten checking accounts and savings accounts, old utility deposits, dividends and uncashed pay checks, alimony or child support.
Cashunclaimed.com urges all Americans to enter their name into a Free Unclaimed Money search so they can find and claim their lost money.
Cashunclaimed.com offers a Free Unclaimed Money Search and more information on their website http://www.cashunclaimed.com. You can search and claim your missing money today!