Orlando, Florida —
You may have unclaimed property and not even know it. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds. Abandoned safe deposit boxes in financial institutions are also considered unclaimed property. Unclaimed property is held by a business or government entity for a set period of time-usually five years. If they are not able to locate the owner and return the assets, they are given to the Florida Department of Financial Services, Division of Unclaimed Property. These assets could belong to individuals or businesses.
About 1 in 5 Floridians have unclaimed property. To search for your name and see if there is money waiting for you, click here.
Florida’s Chief Financial Officer, Jimmy Patronis, said that the Division of Unclaimed Property returned a record $42.9 million in unclaimed property in July. That is the most they have ever returned in a single month. These finds have helped many Floridians through the pandemic. Since the state has been affected by COVID-19, more than $151 million has been returned to Floridians.