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Money Tip: Find Your Missing Money

Fri, 04/18/2008 - 1:12pm by SavvySugar
160 Views - 5 comments

While spring cleaning your finances this month or next, you may just come across evidence of a forgotten bank account or savings bond. Perhaps you opened an account as a kid and completely lost track of it once you fled the nest, or forgot about savings bonds given to you as gifts from relatives back in the day. According to estimates by the National Association of Unclaimed Property Administrators (NAUPA) there's $33 billion in unclaimed assets out there, and after three years with no activity your property is considered abandoned.

There are a couple of free websites that will help you find your long lost property, so don't fall prey to any letters from company's offering to assist you in finding your unclaimed assets for a fee. You can try and track down missing money by visiting the official database for the NAUPA. Search for unclaimed savings bonds by performing a "Treasury Hunt" on the Treasury Department's website, and someone will contact you if there are any bonds in your name.

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5 Comments Add a Comment

  • bellaressa's picture
    bellaressa
    1

    I really wish I had money out there I forgot about. That would come in handy now.

    37 weeks 4 days ago Report Comment
  • JaimeLeah526's picture
    JaimeLeah526
    4

    Damn. I wish I had money out there somewhere but I don't. I have no idea what happened to my savings account as a kid but it's not there still.

    37 weeks 3 days ago Report Comment

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