Forgotten Your Old Savings Account? It May Have Become Maine Unclaimed Money

By Author: Nicole Anderson
Total Articles: 50
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As on date, more than 122 million dollars is lying waste with the State of Maine. Why? The money is unclaimed money owed to you and the residents of the State. The money has been forgotten by more than half a million people all over the nation.

In fact, the population figures indicate that about 578,000 individuals are the rightful claimants of the unclaimed money in Maine.

Many unclaimed money checks do not exceed $50-$100. However, there are many that exceed even ten thousand dollars. Not all claims are for small amounts only.

The largest claim for unclaimed funds in Maine exceeds two hundred thousand dollars. Would you not love it if it was owed to you?

What are the sources of Maine lost money?
Old checking accounts
Old savings accounts
Unknown inheritances
Forgotten life insurance policies
Forgotten stocks
Forgotten bonds
Forgotten dividends
Uncashed checks etc
Read the list carefully and ask whether you have contributed to the problem.

What does the law say? The law requires money that is lying abandoned for more than three years to ...
... be handed over to the State as unclaimed money.

To make a profit, it is essential that income exceeds expenditure. To reduce Maine unclaimed funds, it is imperative that the amount of funds returned exceed the amount of funds added. However, while $10.4 million was returned, $25 million got added as new unclaimed money last year.

People living in the nation must search and find out if they are owed Maine unclaimed funds. If they are owed money, they ought to recover the same.

Visiting the website www.cashunclaimed.com is the easiest way to search for unclaimed money. Just make use of the comprehensive database that the website offers to search for unclaimed money. Just key in your name and search whether money is owed to you or not.

Do not be selfish and seek to recover unclaimed money owed just to you. Search for your friends and family members as well.

If the unclaimed money owed to you is an inheritance, then you will have to submit proof of ownership of the funds. Else, mere proof of identity will suffice.

It is advisable to search for unclaimed funds on a regular basis. Check at least three to four times in a year. Deposits are made to the Maine unclaimed funds constantly throughout the year.

Searchable database websites like www.cashunclaimed.com offer additional information on the process of claiming the funds as well. The forms to be filled and the documents to be provided have been cleanly listed.

As on date, $35 billion is owed to millions of citizens in the country. If you are not owed money from the unclaimed funds in Maine, you may be owed money from any other state or federal database.

Chances are very high that you or anybody in your immediate family is owed unclaimed funds. Enjoy the windfall