Unclaimed money: How to get tax refunds, life insurance policies and other monies owed to you

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Photographer: AP Graphics Bank

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Posted: 06/16/2011

Money may not grow on trees, but unclaimed cash from years of  federal tax refunds, forgotten apartment deposits and even deceased relatives may be coming to a bank account near you---if you know where to look.

Good Morning America reports that they're multiple ways to hunt this cash down.

401K(s)

Sometimes funds owed to you through 401Ks are left behind  once you leave your job. Things can get further complicated if the company goes out of business, but it doesn’t mean you’re out of luck. Try claiming that cash at the National Registry of Unclaimed Retirement Funds. 

Failed banks

If your bank or credit union was one of the banks to go under, that doesn’t mean your money went with it. Most banks are insured by the FDIC, so if this is you,  hold your hand out and get what’s due! visit FDIC unclaimed funds .

Money from deceased relatives
If you’re the rightful heir of cash that belonged to a loved one who has passed, there are two free websites that can help you track down the goods.

www.missingmoney.com and www.unclaimedmoney.com

These sites will also lead you to cash from lost insurance refunds or abandoned safe deposit boxes.

For information on how to make sure the rightful owner gets your money once you’re deceased, click here

For the full list of tips of different ways to get your unclaimed money, click here
 

Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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