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National Unclaimed Property Day: Treasurer Malek Raises Awareness

Thursday, February 01, 2024
Treasurer's name

Contact: Kern Chhikara, 573-298-2486

JEFFERSON CITY, MO – Today, on National Unclaimed Property Day, Missouri State Treasurer Vivek Malek encourages Missourians to check for unclaimed property.

“Whether it’s from an uncashed check, unused gift certificate or forgotten safe deposit box, many of us end up with unclaimed property,” said Treasurer Malek. “I want to give people back their money and it takes less than 20 seconds to check. So visit and come get your money!”

Treasurer Malek currently manages over $1 billion in unclaimed assets in more than 10 million accounts. One in ten Missourians have Unclaimed Property, and the average return is nearly $300.

In the past year, the Missouri State Treasurer Vivek Malek reached $51,817,543.80 in unclaimed property returned for fiscal year 2023, breaking the previous fiscal year payout record of $50.2 million. The number of accounts returned record was also broken by returning 255,627 accounts for fiscal year 2023, compared to 233,769 returning in 2022.

State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets, including cash and the contents of safe deposit boxes, to the Treasurer’s Office. Most Unclaimed Property consists of cash from bank accounts, stocks, bonds, and contents of safe deposit boxes that have been abandoned. It can also include uncollected insurance policy proceeds, government refunds, utility deposits, and wages from past jobs.




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