Treasurer Garrity: Unclaimed Property In celebration of National Roller Coaster Day, Treasurer Stacy Garrity announced today that nearly $43 million is owed to more than 208,000 Pennsylvanians who are ready to take the ride of their lives – those with a name or business name that includes the words coaster, ride, loop, up, down, thrill, summer, park, Edwin or Prescott. “The last few years have been a wild ride, and we could all use a little extra cash in our wallets,” Garrity said. “Please keep your arms and legs inside the ride at all times, and get ready to search for unclaimed property – you don’t even have to stand in line! The average roller coast ride is about two minutes long, but it doesn’t even take that long to see if Treasury has unclaimed property waiting for you.” Unclaimed property includes things like dormant bank accounts, uncashed checks, forgotten stocks, insurance policies, tangible property like the contents of abandoned safe deposit boxes, and more. The state’s unclaimed property law requires assets to be turned over to Treasury after certain periods of time, generally three years. “When Edwin Prescott patented the first looping roller coaster in North America in 1898, he had no idea how many smiles his invention would bring to millions of people,” Garrity said. “Finding unclaimed property is another reason to smile, especially since the average claim is about $1,500. One in ten Pennsylvanians is owed unclaimed property, so there’s a good chance you might end up with money in your pocket!” Last year, Treasury returned more than $135 million to Pennsylvanians. Treasury is currently seeking the owners of more than $4 billion in unclaimed property. Tangible property received by Treasury may be auctioned after approximately three years, but any proceeds from a sale will be kept in perpetuity until an owner is found. Military decorations and memorabilia are never auctioned, and Treasury works diligently to find veterans and their families to reunite them with these priceless symbols of service. Search Treasury’s unclaimed property database to see if you or someone you know has property waiting to be claimed at patreasury.gov/unclaimed-property.
Treasurer Garrity Urges Pennsylvanians to Search for Unclaimed Property With the Easter bunny’s annual visit just around the corner, Treasurer Stacy Garrity today urged Pennsylvanians to grab their baskets and hunt for some of the more than $4 billion worth of unclaimed property being safeguarded by Treasury. She also noted that more than $10 million is owed to Pennsylvanians with the words Easter, bunny, rabbit, egg, chick, chocolate, hop, candy or basket in their name or business name. “Searching for unclaimed property is like the ultimate Easter egg hunt,” Garrity said. “It is so simple to search for money that’s owed to you, a loved one, or a friend. With about one in ten Pennsylvanians owed unclaimed property, chances are pretty good that you’ll find something — and whether it’s a little extra cash or a long-lost family heirloom, we want to get it back to you.” The state’s unclaimed property law requires assets to be turned over to Treasury after certain periods of time. Unclaimed property can include things like dormant bank accounts, uncashed checks, forgotten stocks, insurance policies, tangible property like the contents of abandoned safe deposit boxes, and more. Tangible items are auctioned by Treasury after about three years of storage in the vault to make room for incoming property. Auction proceeds are kept in perpetuity for a rightful owner to claim in the future. Military decorations and memorabilia are never auctioned, and Treasury works diligently to find veterans and their families to reunite these priceless symbols of service. The average unclaimed property claim is worth about $1,500. Last year, Treasury returned more than $135 million of unclaimed property to Pennsylvanians. Search Treasury’s unclaimed property database to see if you have property waiting to be claimed at patreasury.gov/unclaimed-property.
