Unclaimed funds in Alabama continue to roll in at alarming rates and state treasury officials are hoping that all residents are paying attention. The officials want to hold a state-wide initiative that will call attention to the problem of Alabama unclaimed funds. Without the resources to launch television, radio and print campaigns, officials are hoping that word of mouth is enough. They are urging residents to find unclaimed funds in Alabama by using the Internet. That way you never have to leave home and you can search as much as you want until every cent of Alabama unclaimed funds is uncovered.
Right now there are untold amounts, up to millions of dollars in Alabama unclaimed funds sitting in Treasury accounts all across the state. First off, a lot of people don’t even really think things like this could happen. Or they want to know, “How can this happen?” How can residents all across Alabama state lose track of so much money? That is essentially what Alabama unclaimed funds are, aren’t they?
Have you ever dabbled and took your chances with the stock market? Or maybe when you first started your investment portfolio you were not 100% sure what exactly you were doing. You might have invested in more stocks then you remember or kept track of. If either of these situations could have happened, you might have unclaimed funds owed to you. Even if you haven’t messed with stocks and/or bonds, you may still have unclaimed funds and missing money coming your way. Now before you ask yourself “How could I possibly have money coming to me if I have never invested it in the first place?”. Let’s look at a couple ways you may have unclaimed funds in your name in the state in which you currently live.
The federal government and state treasuries are currently holding onto millions of dollars in unclaimed funds. Unclaimed funds are those that belong to everyday Americans, but that have yet to be claimed. These individuals may never know that this money exists until they are actually informed of the government unclaimed funds. Right now government and state treasury officials are torn over what to do. They are considering a massive campaign to inform the public about this growing problem, but until then we can only watch and wait and hope that more people search for unclaimed funds on their own so that this problem can once and for all be alleviated.