Legislature to proclaim Feb.18 Unclaimed Property Day
February 18, 2015
South Carolinians have more than $462 million in unclaimed property, and State Treasurer Curtis Loftis wants everyone to know about it.
On Feb. 18, the South Carolina General Assembly recognized the Office of State Treasurer’s Unclaimed Property Program by proclaiming the day as Unclaimed Property Day.
“The General Assembly and I want every South Carolinian to know about our unclaimed property program, so we can give their funds back to them,” said Treasurer Loftis. “There are more than a million accounts waiting to be claimed, and it takes about two minutes to see if one belongs to you.”
Last fiscal year, nearly 27,000 accounts worth $16 million were paid to South Carolina individuals and businesses by the Palmetto Payback unclaimed property staff.
Examples of unclaimed property include dormant bank accounts, uncashed checks (including paychecks), unclaimed insurance proceeds, forgotten utility deposits, uncashed dividend checks and unexchanged shares of stock. The State Treasurer’s Office serves as custodian of unclaimed funds and holds them until claimed by the rightful owners.
To see if you have unclaimed funds due to you, conduct a free online search here.