Claiming Unclaimed Funds in Illinois

| February 2, 2012

Whether you are a current or past resident of the state of Illinois, you should take a few minutes to investigate whether or not there is an unclaimed check or two with your name on them.

Ask Yourself These Questions

  • Did I open a bank account?
  • Did I buy or sell a house?
  • Am I the beneficiary to an insurance policy?
  • Did I refinance a loan?
  • Was I required to pay a deposit before my utilities were turned on?
  • Did I pay out of pocket for a reimbursable claim?

Discovering Illinois Unclaimed Funds

The above questions are just a few of the reasons why you might have unclaimed funds. There are as many different reasons as there are claim checks. No matter what the reason, if you have money sitting out there waiting for you, you might as well claim it.

To discover your unclaimed funds, go to the Illinois State Treasurer website and access the Cash Dash Unclaimed Property Database Search page.

Once there, insert your last name and first (first name is optional, but recommended). After inserting your name, click “Search Properties” to see if your name comes up in the search results. If it does, select the property (or properties) by inserting a check in the appropriate box and click “Claim Properties.”

Initiating the Claim Process in Illinois

After you click “Claim Properties” you’ll see a Claimant Information form. Fill out the pertinent information on the form (all fields indicated by red text are mandatory…yes, that includes the Social Security/Tax ID number). The state of Illinois wants to make sure you are who you say you are.

After completing the Claimant Information section, you can either print the form or request the state to mail the form to you (printing it is much quicker). You also have the option of registering with the state to login to their system. Registration is not mandatory, but if you do register, you can track the status of your unclaimed funds.

Mail and Wait

Once you’ve printed (or received) the form, sign it and mail it along with the necessary backup documentation (if required) to the state. After submitting the necessary claim form all you have to do is sit back and wait for your funds to arrive.

Did you notice that there are no fees involved? In other words, if someone tries to persuade you to pay a fee in order to recover unclaimed funds, don’t do it. There is no cost for claiming your outstanding funds.

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Category: Credit

About the Author ()

Felicia A. Williams is a wife, mother, freelance writer and owner of Tidbits and Stuff.

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