Politics

McRae urges Mississippians to test accounts as unclaimed property returns the very best $ 16 million

Treasurer David McRae

When unclaimed real estate returns exceeded $ 16 million a year, Treasurer David McRae urged Mississippi citizens, businesses, and nonprofits to check with their bank or financial institution to obtain all accounts (including long-term investments such as CDs, Savings accounts, and balances that you may not regularly check, are being properly claimed. If a bank or other financial institution loses sight of the owner of an account, the account can be declared inactive and, after five years, the unclaimed property becomes the state handed over to find the rightful owner.

“It’s easier to lose track of an account than you might think. It’s one of the reasons we found and returned more than $ 16 million for Mississippians this year alone,” said McRae. “My team is working quickly to get this money back into the Mississippian wallets, but citizens can also take steps to make sure it is not lost at all. Because of this, I encourage you to contact your bank or financial institution before the end of the year to ensure that each account is properly claimed on your behalf. “

Since taking office in January, Treasurer McRae has returned more than $ 16 million to Mississippi’s economy, which was previously declared unclaimed property.

“When your property has been declared unclaimed and returned to the state, it’s easy to find,” McRae continued. “Please visit Treasury.MS.gov today, type your name in the search box, and click Go. You never know what money you might have left behind. If there is cash next to your name, let us know and we’ll start the application process for you. “

Press release

11/20/2020

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