Utahns received over $30 million in unclaimed cash from state office

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SALT LAKE CITY — Utahns received more than $30 million in unclaimed cash in the last fiscal year, thanks to a split in the state few may know about, according to the state treasurer’s office from Utah.

Within the office is an unclaimed property division, which receives money from companies that owe individuals money but cannot find the rightful owners after three years of no contact; these funds are then remitted to this division.

Last year, the division received 503,648 unclaimed properties totaling $66.7 million from sources including dormant bank accounts, overpaid medical bills, uncashed checks, unpaid insurance benefits and other sources.

“Our team uses a variety of methods to return unclaimed money to the rightful owners, including implementing aggressive awareness campaigns, leveraging technology, and forging partnerships with charities, local government leaders and the media,” Utah Treasurer Marlo Oaks said.

One use of the tool enables division
focus on areas of the state that need it the most.

As part of this effort, the division sent 796,388 direct mail postcards to these communities during the past year.

“Every Utahn should go online at least once a year to find and claim their property — and verify deceased family, friends, relatives and organizations they support as well,” said Dennis Johnson, non-resident property manager. claimed.

“Even if you’ve searched for unclaimed property in the past, check again,” Treasurer Oaks said. “We may have received additional goods since your last visit to our website.”

For more information and to search for a property, visit mycash.utah.gov.

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