How much of the $50 billion in abandoned money belongs to your corporation? We can find out.
Abandoned corporate money (aka unclaimed property) accumulates over time in places like (but certainly not limited to):
- Checking and/or savings accounts
- Uncashed dividend payments or payroll checks
- Trust distributions
- Deposit over payments
- Insurance refunds
This is not money on your company’s books. This is not collections or Accounts Receivable work. Unclaimed property is abandoned funds or dormant accounts within financial institutions or companies you once did business with, where there has been no communication or other activity for up to two years or more. By law, after the dormancy period, the unclaimed property must be escheated to a state agency (dormancy periods differ by state).
We work on contingency basis to identify, claim and return these funds to your company with very little time and effort on your part. You will (usually) begin getting back that unclaimed money within 90 days of our team filing the first claims on your behalf.