Unclaimed Money Washington

Unclaimed Money Washington

What Is Washington Unclaimed Money?

If you’re looking for unclaimed or abandoned money in Washington, you’ve come to the right place. Washington, like all other states, has taken steps to make the process of looking for lost money easier through the Washington State Department of Revenue’s
Unclaimed money, unclaimed money, abandoned capital, and abandoned property are all terms used to describe unclaimed funds. In general, the word refers to property that you have left behind and has a monetary value. The term “abandoned property” does not indicate that you intended to leave the property, but rather that you entrusted it to a financial institution or other third-party holder and then lost contact with them. 
Each state has its own set of rules for deciding what counts as unclaimed money, and these rules vary depending on the type of property and the type of owner. They all have in common that before the property is given to the state, the holder must wait for a statutory period during which they are unable to contact the property owner. The abandoned property law in Washington is Washington Revised Code Chpt. 63.29:

How To Find Unclaimed Money in Washington?

People interested in locating unclaimed cash in Washington have to look up the database of unclaimed funds. The name of the rightful owner’s address, address, and the property’s I.D. is helpful as search criteria.
A typical search using a name will show the owner’s name, the last physical address known to him, and the property’s I.D. known co-owners of the money that is not claimed. Also, the searcher will find the company or agency that declared the funds as unclaimed money. These are crucial for the claim of property that was not claimed later.

How to claim unclaimed money in Washington

There are two options to claim money that is not claimed in Washington according to the preference of the person making a claim. The claimant can choose to make a claim online for unclaimed funds, which allows for quicker processing. Or, they can contact the Department of revenue directly by sending an application.

How Do I Find Unclaimed Money For Free in Washington?

The Washington Unclaimed Money Database allows interested individuals to find unclaimed funds for no cost. However, the results are mostly limited to the unclaimed funds reported by companies that operate in Washington. People who have unclaimed funds from other states or federal agencies have to use the resources offered by the agency. Some of them include the database of workers owed wages, The Pension Benefit Guarantee Corporation resource page for pension benefits, and the National Credit union Administration’s unclaimed deposit list.

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

It depends. The typical time for online claims is sixty (60) days from submission date to approval. The claimant will receive the check for the unclaimed funds in 2 – three weeks following approval. The processing time for mail-in claims is longer due to the mail logistics. 
The claims that require the claimant to submit specific documents to prove their claims can require more time. In the meantime, those who are claiming unclaimed money can examine the claim status or call the department to inquire about the claim’s status.

Can you claim unclaimed money from deceased relatives in Washington

People named as the heirs, beneficiaries, next of kin, and family members of the immediate family can claim money that is not claimed on behalf of deceased relatives. However, they must be able to provide evidence of their claim. A certified death certificate is one of the most important of these essential documents.
Family members who are immediate relatives can also offer a birth certificate, marriage certificate, or divorce decree dependent on their connection to the deceased. In the same way, those who are named executors of wills, court-appointed estate managers, and those authorized by a power of attorney can file claims.

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!