PRESS RELEASE
National Unclaimed Property Day: Treasurer Malek Raises Awareness

FOR IMMEDIATE RELEASE 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 ShowMeMoney.com 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. ###
Contact: Kern
Chhikara, 573-298-2486