Texas residents might be surprised to learn they have unclaimed money waiting for them. In fiscal year 2023, the Texas Comptroller’s office returned a record-breaking $344 million in unclaimed property to its rightful owners. This represents nearly 200,000 successful claims and marks the fourth time in five years that over $300 million has been returned. Could some of this Texas Comptroller Unclaimed Money belong to you?
What is Texas Comptroller Unclaimed Money?
Unclaimed property refers to assets held by the state that have been abandoned or forgotten by their owners. These assets can include forgotten utility deposits, insurance proceeds, uncashed payroll checks, dormant bank accounts, mineral royalties, and even the contents of abandoned safe-deposit boxes. Businesses are required to turn over unclaimed property to the state after a dormancy period, typically ranging from one to five years.
How to Claim Your Texas Unclaimed Money
The process of finding and claiming your unclaimed money is surprisingly simple. The Texas Comptroller’s office provides a user-friendly website, ClaimItTexas.gov, where you can search for your name or business name. If a match is found, you can initiate the claims process online. You can also call 800-321-2274 (CASH) for assistance.
Why You Should Search for Unclaimed Money
There is no statute of limitations on claiming unclaimed property held by the state of Texas. This means you can claim your funds at any time. The sheer amount of money returned – $2.6 billion since Comptroller Glenn Hegar took office – underscores the importance of checking. A simple search could reunite you with forgotten funds that rightfully belong to you.
The Texas Comptroller’s Commitment to Returning Unclaimed Property
Comptroller Hegar emphasized the dedication of the Unclaimed Property Division in returning funds to Texans. This commitment was recently highlighted on a Good Morning America segment. Since the program’s inception in 1962, over $4 billion in unclaimed property has been returned. Currently, the state holds more than $8 billion in unclaimed cash and valuables.
Don’t Delay, Claim Your Money Today!
With billions of dollars in unclaimed funds waiting to be claimed, there’s no reason to wait. Visit ClaimItTexas.gov today and see if you have Texas Comptroller unclaimed money waiting to be rediscovered. It’s your money; claim it!
