The state of Alabama has a program that helps you locate unclaimed money. This program searches all state and federal unclaimed money databases, locating any assets that may belong to you. You can also initiate a claim for this unclaimed money if you know that you have it. Unclaimed assets can be in the form of cash, stocks, bonds, insurance benefits, safe deposit boxes, and more. The Alabama Treasurer’s Office is responsible for distributing this money to the rightful owners. You can initiate a claim to get your money back by visiting the website and filling out a form.
Once you’ve decided to search for unclaimed money in Alabama, you’ll need to determine where you’ve lived. If you’ve lived in Alabama for a while, you should start with the state’s unclaimed money database. However, if you’ve recently moved to another state, it’s a good idea to use the database of the state where you formerly lived. To narrow your search, you may also need the property ID and city where you lived. Alternatively, you can also use third-party unclaimed property search engines to perform the same process.
In Alabama, $125 million dollars have been returned to their rightful owners. That breaks down to about $25 million per year. Despite the huge amount of unclaimed money, the state still holds half a billion dollars. The state simply can’t find it all. Unclaimed money finders help to locate those owed money by the state. A commission is usually a percentage of the amount of money recovered. In Alabama, this fee is 10 percent.