State Treasurer Michael L. Fitzgerald is encouraging Iowans across the state to be on the lookout for this week’s Great Iowa Treasure Hunt publication. “We are currently holding more than $278 million for over one million accounts,” Fitzgerald stated.
Fitzgerald encourages all Iowans to check their local papers and see if their name or the name of someone they know is listed. “The more people that know about the Great Iowa Treasure Hunt, the more money we are able to return,” Fitzgerald stated. “New unclaimed property is added every year, so even if you have claimed property in the past, it could be worth your time to search greatiowatreasurehunt.com and see if there is new property waiting for you to claim.
The Great Iowa Treasure Hunt program has returned over $175 million in unclaimed property to more than 423,000 people since Fitzgerald created it in 1983. Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the property’s owner for a specific period of time. State law requires these institutions and companies to annually report unclaimed property to the state treasurer’s office. The assets are then held until the owner or heir of the property is found. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed checks, life insurance policies, utility security deposits and safe deposit box contents.
Visit the unclaimed property database to see if the state treasurer has property belonging to you. Go to greatiowatreasurehunt.com to begin your search. Be sure to like Great Iowa Treasure Hunt on Facebook and follow the program on Twitter @GreatIATreasure.