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Is Illinois Icash legitimate?

SPRINGFIELD - Illinois' unclaimed property program \u2013 also known as ICash - is one of the state's oldest consumer protection initiatives. In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as unpaid life insurance benefits, forgotten bank accounts, and unused rebate cards.

How long does it take to get unclaimed money in Illinois?

Typically, all claims are reviewed in the date order received by our office. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to our office during the time frame your claim was received.

What is considered unclaimed property in Illinois?

Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.

How long does the state of Illinois hold unclaimed property?

In Illinois, property is assumed abandoned when it remains unclaimed for at least five (5) years and attempts to contact the owner of the property have been unsuccessful.

Is unclaimed property Illinois legit?

The State Treasurer is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.

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