Press Release from the State Treasurer's Office:
(Columbia, SC) The State Treasurer's Office announced some good news today. For the last fiscal year, July 1, 2008 to June 30, 2009, the State returned over $12 million in unclaimed property to its rightful owners.
This amount exceeds last year's record amount by over $1 million dollars.
"We are thrilled that we have been able to more aggressively locate South Carolinians who have unclaimed property. This money belongs to the people and businesses of our State and in these economically challenging times, we want to return it to them as quickly as possible," said State Treasurer Converse Chellis.
The Treasurer's Office paid over 22,000 claims totaling $12,700,000.
Fiscal Year Amount Returned Claims Paid
2009 $12,700,000 22,263
2008 $11,400,000 19,904
2007 $ 7,600,000 13,320
2006 $ 8,200,000 14,080
2005 $ 6,600,000 10,895
2004 $ 6,700,000 11,894
2003 $ 7,100,000 15,280
Unclaimed property, in general, is any financial asset that has not been claimed by its owner or has not had any owner-generated activity for a period of time...usually five years.
This would include savings and checking accounts, stocks and bonds, insurance proceeds, uncashed payroll checks, old utility deposits, and more. Any funds that the State is holding may be claimed by the rightful owner, or their heirs and there is no time limitation.
Anyone interested in checking to see if the State is holding unclaimed property for them may log on to the Treasurer's website at www.treasurer.sc.gov.
The State Treasurer's Office does not charge a fee for a person to recover their unclaimed property and warns South Carolinians to beware of any company that may ask for a fee or percentage of what it recovers.
Email
Facebook
Google
Twitter
Favorites
More
Advertisement