State Treasurer’s Office Returns $1 Million in Unclaimed Property During July

August 8, 2022

Mountaineer News

The Mountain State

CHARLESTON, WV - State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned more than $1 million worth of unclaimed property payments to individuals, businesses and government entities during the month of July.

“With inflation soaring above 9 percent, people can’t afford to leave cash on the sidelines,” Treasurer Moore said. “That’s why we encourage everyone to visit to see if we’re holding any unclaimed money for you.”

The Unclaimed Property Division returned $1,044,697 worth of unclaimed property last month, with 1,165 total claims paid out through the Office. That follows a record-breaking amount returned during the prior fiscal year. The Office returned $18.6 million during the fiscal year that ended June 30.

Treasurer Moore said his Unclaimed Property Division has more than 3 million listings valued at more than $300 million. The Office is also continually looking at new, innovative ways to both raise awareness of this program and reconnect people with their lost assets.

He recently announced a new “West Virginia Cash Now” program that will automatically send checks to individuals whose identities and addresses can be verified in existing legal databases – without the need to file a claim with the Office.

The program covers individual claims valued between $100 and $5,000. The Office has already started to send letters notifying individuals they will be receiving funds through the program, with checks totaling nearly $4.6 million expected to be delivered later in the fall.