Claiming Texas Unclaimed Funds

| January 31, 2013

If at any time in your life you called taxes your home state, you should do yourself a favor and visit the Texas unclaimed property website. The actual name of the website is Window on State Government.

The reason you should take a look at this website is because you might discover that you have unclaimed funds sitting in an account waiting for you to claim them.

How Unclaimed Funds are Accumulated

There are a variety of reasons why you might have an unclaimed check. There’s the possibility that you are a beneficiary to an insurance policy disbursement, if you sold a home and moved shortly after the sale, you might have moved before you received the outstanding interest on the escrow account of your old house.

A more common reason for having unclaimed fund is that you forgot to collect your security deposit when you signed up for your local telephone company, gas company or electric company. Think back to the days before you were financially established. Back then utility wanted a security deposit before they would turn on your lights, gas, etc.

After you grew and matured and moved from the apartment you forgot to get your security deposit back. That security deposit is sitting somewhere unclaimed waiting for you to claim it.

How to Claim Unclaimed Funds

Texas makes it really easy. All you have to do is go to the Texas Window on State Government website, click the Search Unclaimed Property button then insert your name or business name to begin your search.

If you have a popular name like John Smith you can narrow your search by specifying the zip codes in which you previously or currently live. If your name comes up on the list, select the name and click the View Details button. There you’ll get a more detailed listing of the claimant’s name, address, reporting institution, year reported and the amount of unclaimed money.

How to Request Unclaimed Funds in Texas

To claim your money you must complete an online form on which you must include your name, address, Social Security number, e-mail address and phone number. After completing that information you have the option of either downloading the final application or having it mailed to you.

The downloading option is a lot quicker than the mail option. When you consider that it takes Texas anywhere from 60 to 90 days after receiving the application along with the necessary back up documentation to issue the check, you probably want to get the process started as quickly as possible.

The state of Texas charges a 1.5% fee for all claims in excess of $100. The amount is taken from the disbursement. There’s no charge for amounts less than $100.

Unclaimed Funds Statute of Limitations

There is no statute of limitations on your unclaimed funds. Whether you claim them today, tomorrow or two years from now, that money will sit there waiting for you to claim it. After you have claimed your funds, why not give a shout out to your friends telling them to check the site, they may find some extra money too.

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About the Author ()

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

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