Texas may be holding money for you. Here's how to claim it
FILE-In this photo illustration, a person holds a wallet filled with $20 dollar bills. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)
Texas keeps track of the unclaimed property and money owed to residents, and laying claim to yours is easy.
Here's how you can get what's rightfully yours.
Texas unclaimed property
Unclaimed property can be any financial asset or safe deposit box contents that have been abandoned by the property owner for one or more years.
The Texas comptroller's website lists the following examples of what property might be unclaimed:
- Abandoned bank accounts
- Uncashed checks
- Overpayments
- Payroll and vendor checks
- Unredeemed gift cards
- Insurance proceeds
- Dividends
- Mineral interests
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Businesses and government entities that do business with Texas residents, called "holders," are required to submit annual reports to the comptroller each year. The state uses these reports to track what property is sitting unclaimed.
How to claim
Business and individuals can search for their unclaimed property at ClaimItTexas.gov.
Just search your name, the name of your business, or even your family members, and see all the property and money that's due.
You can filter the results further by adding more information like your city of residence.
Once you find property available for you to claim, the site will give you simple instructions on how to file your claim.
Once you've filed, you can keep track of your claim's progress at the same link as above.
The Source: Information in this article came from the Texas Comptroller website.
