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How long does the state of Ohio hold unclaimed funds?

If there is no activity in the account for a certain period of time, generally three to five years, and the owner cannot be reached, the funds are reported to the Ohio Department of Commerce's Division of Unclaimed Funds.

How long do you have to claim unclaimed funds in Ohio?

If there is no activity in the account for a certain period of time, generally three to five years, and the owner cannot be reached, the funds are reported to the Ohio Department of Commerce's Division of Unclaimed Funds.

How do I find out if I have unclaimed funds in Ohio?

1. Search for unclaimed funds on https://missingmoney.com to find out if you have lost or forgotten money, then follow the prompts to generate your claim form to claim your money.

Do I have unclaimed money in WV?

To conduct a name search over the phone or for other unclaimed property assistance, call our toll free hotline at: 1.800. 642.8687 or email Eclaims_Support@wvsto.com. To search for unclaimed property in other states visit www.missingmoney.com.

What happens to unclaimed funds in Ohio?

The Department of Commerce's Division of Unclaimed Funds reunites Ohioans with their hard-earned but forgotten money. The division takes reports of unclaimed funds that result when an account becomes dormant, holding these funds for safekeeping, and working to track down the rightful owner.

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What is considered unclaimed funds in Ohio?

A bank account, rent or utility deposit, uncashed check, undelivered stock certificate or uncashed insurance policy are some of the unclaimed funds that come to the Ohio Department of Commerce Division of Unclaimed Funds.

Is the Missing Money website legit?

It is the only unclaimed property site endorsed by the National Association of Unclaimed Property Administrators (NAUPA) . MissingMoney.com started in 1999 as a way to help state governments gather and track lost property such as uncashed paychecks, stocks and bonds, and safe deposit box contents.

What happens when you claim unclaimed property?

States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.

How long does Ohio keep unclaimed funds?

The division is responsible for handling funds that Ohio businesses or financial institutions were unable to return themselves to the rightful owner, typically in a period of three to five years, Hardy said.

How long do you have to claim unclaimed funds in Ohio?

If there is no activity in the account for a certain period of time, generally three to five years, and the owner cannot be reached, the funds are reported to the Ohio Department of Commerce's Division of Unclaimed Funds.

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