Is Money Waiting for You? One in 20 Minnesotans Have 'Missing Money'

Dear Neighbors,

Please read the important message below from Mike Rothman, our Minnesota Department of Commerce Commissioner.  You could have unclaimed property in the form of dormant bank accounts, uncashed checks, unclaimed wages, etc, and you now have the opportunity to recover those resources.

In fiscal year 2013, the Minnesota Department of Commerce has already reunited over 10,000 Minnesotans with their money.

As always, thank you for the privilege of representing our community in St. Paul.

Rep. Yvonne Selcer

MINNESOTA DEPARTMENT OF COMMERCE

 February 21, 2012

Dear Minnesota Consumer:

Our State’s Unclaimed Property Program was created in 1969 to ensure that money that businesses owed to Minnesotans was held in the public interest and returned to the extent possible to Minnesota’s consumers. What are your chances of having $100 or more waiting for you? One in 20 Minnesotans have unclaimed property, typically dormant bank accounts, un-cashed checks, unclaimed wages, safe deposit boxes, stocks, or insurance policies.

It’s easy.  It’s your money. The State of Minnesota is here to help return your money to you.  Go to www.missingmoney.com or visit the Commerce Department's Unclaimed Property website.  It takes less than 30 seconds to check to see if you may be 1 of 20 Minnesotans who have missing money.  

In the past two years, the Commerce Department has seen great improvement – collecting 8% more property and helping 7,200 consumers find and claim $18 million in 2012, a 13% increase including an overall increase in the total amount of money returned.  In fiscal year 2013, Commerce is on pace to greatly exceed 2012’s record of helping consumers, already reuniting over 10,000 Minnesotans with their money.

To see how successful we have been in proactively reaching out through media and other resources, watch this clip from Good Morning America about Minnesota’s Unclaimed Property Program.