Missouri Unclaimed Property

missouri-state-treasurer

The Missouri State Treasurer’s Office has kicked off it’s annual outreach efforts for unclaimed property and has published a total of over 175,000 names for those who have unclaimed property worth $50 or more.  This is not the state’s money; it is Missourians’ money, and State Treasurer Vivek Malek encourages everyone to check for unclaimed property at showmemoney.com.  The state treasurer’s office currently holds over $1.5 billion of unclaimed assets in over 10 million accounts. One in 10 Missourians has unclaimed property, and the average return is nearly $300. State law requires financial institutions, insurance companies, public agencies, and other businesses to transfer unclaimed assets to the Treasurer’s Office. These assets typically include cash from bank accounts, stocks, bonds and safe deposit box contents that have been abandoned as well as uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs.