Why Unclaimed Cash Is Still A Problem

It may sound like a great problem to have – a bank vault filled to the brim with unclaimed cash. Yet all that unclaimed cash is proving to be a major debacle for federal and state treasurers. Most treasury offices don’t have enough manpower or resources to handle the unclaimed cash problem. With checks incessantly rolling in, it’s nearly impossible to find unclaimed cash owner information amongst all the clutter. To make matters worse, most people are completely unaware of the unclaimed cash problem and, even if they did know about it, they wouldn’t know how to find unclaimed cash that may be owed to them. This has caused a nationwide database to appear online called Unclaimed Money. To use it, you only have to insert your first and last name.