Unclaimed Money Utah

Unclaimed Money Utah

What Is Utah Unclaimed Money?

Unclaimed Money is an asset of any kind that was abandoned for a long time. A few examples are:
  • Unclaimed commissions or wages, Savings and checking accounts,
  • Dividends on stocks and shares
  • Unclaimed insurance proceeds
  • Deposits of customers or overpayments
  • Certificates of Deposit
  • Credit balances, refunds, and money orders
  • The contents of Safe Deposit Boxes
The owner of the asset or the money makes every effort to reach the owner during the time of inactivity. If none of these efforts produce positive results, then the investment is transferred to the state where the owner’s last address is located. In Utah, when the property hasn’t been utilized within three years, and the owner cannot find the owner, it’s deemed abandoned and has to report to the state Treasurer’s office’s Unclaimed Property Division. Account activity must be maintained through a deposit or withdrawal, changing their home address, or calling the financial institution every three years to keep their accounts from being abandoned or unclaimed. The process by which the treasury office buys the property unclaimed is known as escheatment.
The laws governing unclaimed property in Utah were initially protection for consumers. However, they have since been expanded to protect owners and their inheritors and estates.

How To Find Unclaimed Money in Utah?

The Utah State Treasury Office maintains an online database allowing individuals to search for unclaimed funds. The database also permits those who request to claim properties for which they can demonstrate ownership and keep track of the status of claims in progress. For questions regarding unclaimed money, they can be submitted in person or by mail to:
  • Treasurer’s Office
  • Unclaimed Property Division
  • 168 N 1950 W Suite 102
  • Salt Lake City, UT 84116
A myriad of third-party websites allows users to search for a property that is not claimed. Some of these websites cooperate with state-sponsored sites to collect information and increase outreach to locate people who have lost funds. Some of these websites are paid-to-use, while others are free to use.

How to claim unclaimed money in Utah

In Utah claims, the claimants can choose between making claims online for unclaimed property via mail, via the fax.
To begin searching online, applicants must go on the search for property page of Utah’s website for the property’s unclaimed page. On the homepage, users are able to start an online search by clicking”Search Unclaimed Property Page “search unclaimed property page.” In the section for Name/Business Name, where users type in their name (first name or last name and/or both) and then press SEARCH. If there are lots of hits, the results can be narrowed by entering the city name or zip code. After the property that is not claimed is located for the first time, to begin the claim process, select the appropriate box and select the “green “, continue to file a claim” button after. Claimants can review whether they are entitled to claim the property(ies) they want to argue before selecting FILE CLAIM and then proceeding through the Claimant Info page. 
The claimants must give their current address for mailing in addition to indicating “Ownership Relationship.” If they own the property, they can select “Myself”; if they are the property owner’s heirs, they may choose the appropriate option. Their information will give them the necessary information to claim the property. To access the Preview screen, click Next. A second box will pop up asking users to confirm their provided address. This will ensure that the cheque has been issued to a legitimate address. When you click the SUBMIT button will make an account and create the claim number. 
The next step following the claim has been submitted successfully is to submit the appropriate documents to serve to prove the claim. A signed and completed claim form, a photocopy of a photo I.D., and an identification number from the social security system are required for every property claim that is not claimed. The necessary conditions are provided by mail to the person who is claiming to present the required documents. The report on the status of the claim at the conclusion of the claims process could be used to verify whether the claims are in good standing at any time throughout the claim process. Documentation can be submitted using the secure link provided by the state or mailed to the below address:

Unclaimed Property Division

  • P.O. Box 140530
  • 168 N 1950 W Suite 102
  • Salt Lake City, UT 84116

How Do I Find Unclaimed Money For Free in Utah?

The treasury department of Utah’s Unclaimed Money Database is free to access. There are a variety of federal databases that are operated by financial agencies charged with collecting money that is not claimed from financial institutions and businesses. These include:
Pension Benefits Guarantee Corporation (Unclaimed Pension Benefits)
More than 80,000 residents living in the United States have yet to claim their fixed benefit pension. In the pension benefit guarantee database of the corporation, users can search for their name for pension benefits not claimed. Individuals who want to apply for benefits can visit this institution by calling:
Pension Benefit Guaranty Corporation
1200 K Street, NW
Washington, DC 20005-4026
Phone: (800) 326-5678
Unclaimed Life Insurance Funds For Veterans(Unclaimed Veterans Insurance Fund)
The Veterans Life Insurance Fund was set up through the Department of Veterans Affairs (V.A.) as a safety cover for both former and current veterans and their family members. If a veteran becomes disabled or suffers an injury, passes away, or becomes unfit to work because of their work, they’ll receive regular payments from the fund. These checks are usually not cash, and the V.A. is able to record the funds as unclaimed. People who are concerned can look for these items in the database of unclaimed funds at the V.A. or contact the V.A. department at
Department of Veterans Affairs
810 Vermont Avenue, NW
Washington, DC 20420
The National Credit Unions Association NCUA (Unclaimed Credit Deposits)
The NCUA’s Asset Management and Assistance Center are responsible for the settlement of shares of members’ accounts in the event that a federally insured credit institution is liquidated. Certain funds might be lost in the middle of nowhere. Certain cheques aren’t cashed, or the credit union’s address list for some individuals is not correct. The not claimed deposits are reported to the National Credit Union Administration as unclaimed funds. The administration also tracks the unclaimed deposits of credit unions in a database that beneficiaries are able to verify and get payments. Anyone who is interested can contact the organization in person or by mail to:
National Credit Union Administration
4807 Spicewood Springs Road, Suite 5100
Austin, TX 78759
Phone: (512) 231-7900
Fax: (512) 231-7920
Email: amacmail@ncua.gov
Department Of Housing And Urban Development (Unclaimed Mortgage Refunds)
Homeowners who reside in Utah who have FHA-insured mortgages are able to find and retrieve money from the cancellation of premiums as well as distribution share payments using the Housing and Urban Development Department’s Unclaimed Fund database.

How long does it take to get unclaimed money in Utah?

The typical time to settle claims in Utah ranges from 10 to 60 days. The time required for processing depends on the amount of the claim. It is more time-consuming for claims made by an inheritor or as an entity. Complex claims require longer time as well as effort. Certain claims may take up to 90 days to process.

Can you claim unclaimed money from deceased relatives in Utah

Family members and relatives of a deceased individual can claim the property that their loved relatives do not claim. To do so, the claimant will be required to provide adequate documentation for their claims, such as an obituary report or a document showing a person as legal guardian/representative of the deceased estate. In the absence of a will or trust in place, then the treasurer’s office will adhere to the Utah intestate succession rules. Even if someone dies before they claim unclaimed property from the state, the heirs have the right to a portion of the proceeds. The heirs can receive property that is not claimed pursuant to the state’s intestacy (no valid will) statutes if the sole known owner has died for longer than three years and the will hasn’t been formally drafted in a district court. In the year 2000, the Utah Legislature adopted these rules in the Utah Code. A few pertinent information in the code is:
  1. If the owner of the property is only survived by the spouse who is living who a spouse, the spouse is entitled to the entire unclaimed property.
  2. If the children are the sole ones to survive, the owner who reported the children has the right to 100 percent of the property unclaimed, which is divided equally between the children.
  3. If the only reported property’s parent(s) remain in the home, the parent(s) get 100% of the property that is not claimed.
  4. If neither the owner’s spouse, partner, or parents live on after them, the property not claimed is owed to (1) the brother(s) and sister(s) or their children; (2) grandparents or the issue (in the manner that is mentioned).

Is There Unclaimed Money In Your Name?

The government may have as much as $58 billion in unclaimed money. Find out if some of it may belong to you or someone you know!