OHIO — It sounds like a scam, but it is a reality for millions of Ohioans: The state might be holding money that belongs to you.
The Ohio Department of Commerce Division of Unclaimed Funds currently safeguards billions of dollars in forgotten assets. These funds come from dormant bank accounts, uncashed rent deposits, forgotten insurance policies, and uncollected wages that were turned over to the state when the owner couldn't be located.
The best part? It is completely free to search and claim. Here is your guide to getting your money back.
Step 1: The Official Search
Avoid third-party sites that may charge fees. Go directly to the source.
- Official Website: Visit the Ohio Department of Commerce website (unclaimedfunds.ohio.gov).
- How to Search: Enter your last name and first name. If you have a common name (like "Smith" or "Jones"), narrow the results by adding a city or zip code.
- Pro Tip: Search for your maiden name, misspelled versions of your name, or the names of deceased relatives for whom you are an heir.
Step 2: Initiate Your Claim
Once you find a property that matches your name and a current or former address:
- Click the "Claim" button next to the property.
- Select "Continue to File Claim".
- Follow the prompts to set up your claimant profile. The system will generate a unique Claim ID—write this number down immediately, as you will need it to track your progress.
Step 3: Gather Your Documents
To prevent fraud, the state requires proof that you are the rightful owner. Standard claims typically require:
- Photo ID: A copy of your driver’s license or state ID.
- Proof of SSN: A Social Security card or a tax document (like a W-2) displaying your full SSN.
- Proof of Address: A document connecting you to the address reported on the claim (e.g., an old utility bill, bank statement, or credit report).
Note for Heirs: If you are claiming funds for a deceased relative, you will need additional documentation, such as a Death Certificate and Letters of Authority from the Probate Court.
Step 4: Submit (Upload vs. Mail)
- Fastest Option (Online): You can upload clear photos or scans of your documents directly to the website using your Claim ID. This significantly speeds up the processing time.
- Slower Option (Mail): You can mail your paper claim form and copies of documents to the Division of Unclaimed Funds in Columbus. (Address provided on the claim form).
Step 5: The Waiting Game
Once submitted, patience is key.
- Timeline: The review process typically takes up to 120 days, though simple claims submitted online may be approved much faster.
- Check Status: You can check the status of your claim 24/7 on the website by entering your Claim ID.
⚠️ Important Warnings
- Never Pay a Fee: The state of Ohio does not charge you to claim your own money. If a website or person asks for a credit card number or a "processing fee" to release your funds, it is a scam.
- "Finders": You may receive letters from private "finders" offering to get your money for a 10% fee. You do not need them. You can do the exact same work yourself for free in about 10 minutes.
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