How to Find Unclaimed Money in Alabama
Unclaimed Money Alabama Division, a department of the state's Treasury, manages the unclaimed property and money within the state. To ensure that public access is available to the unclaimed property, this Unclaimed Property Division maintains a searchable database that is comprised of a list maintained by the government of unclaimed funds. To locate money claimed in Alabama, people can perform an online search on the database. Certain details about the money that is not claimed will need to be given to narrow the results. The required information includes the name of the business name that is attached to the money unclaimed, the town, the postal code and the property's identification number.
The auction of unclaimed funds through the State Unclaimed Property Division may be discovered through the auction website that the state treasury uses. For inquiries, they can be sent via mail or delivered in person to:
- Office of State Treasurer,
- Unclaimed Property Division,
- P.O.P.O. Box 302520, Montgomery,
- AL 36130-2520
It is worth mentioning that in addition to searchable databases maintained in government institutions, third-party search engines can also be utilized to locate unclaimed funds in Alabama.
How Do I Find Alabama Unclaimed Money for Free?
Other than accessing the Alabama Unclaimed Property Division database, which is accessible for free by the general public, different federal agencies can also keep unclaimed assets. But, these federal agencies don't have a central database in which all assets that are not claimed are recorded and saved. Therefore, each agency manages its databases and related services that the general public can utilize to look for lost funds. To inquire through these agencies and their databases, the inquirers must identify the type of money that is not claimed (such as savings bonds uncashed and bankruptcy money) as well as the date on which the money unclaimed was distributed and the method by the way in which the money unclaimed could have been paid.
For information on money that is not claimed, it can be obtained from the relevant federal agencies. The kinds of unclaimed funds and the federal agencies that they belong to include, but aren't restricted to:
- Unclaimed U.S.U.S. payment and securities Utilizing Treasury Direct, an inquirer might find savings bonds that are not cashable. Treasury Direct is a free online search engine operated through Treasury Direct, which is part of the Bureau of the Fiscal Services under the U.S.U.S. Department of Treasury. The savings bonds you can find on TreasuryDirect are typically those that are more than 30 years old and have stopped earning interest. Other kinds of payment and securities that are available on Treasury Direct include treasury notes as well as series H.H.H.H. saving bonds as well as missing payments in series H. To begin searching with Treasury Direct, an inquirer must provide your SSN or E.I.N. and the state in which they reside.
- Unclaimed bankruptcy funds This U.S.U.S. Unclaimed bankruptcy funds locator, as its name suggests, is utilized to locate funds that are not claimed and held by federal courts. There are various reasons for bankruptcy funds not to be claimed, such as recipients with wrong addresses, a person's death, or uncashed distribution checks. To locate unclaimed bankruptcy funds using the U.S.U.S. Unclaimed Funds Locator for bankruptcy, An inquirer will have to provide specific information regarding those funds. The report would include details about the court that is in charge of the bankruptcy (such for example, Alabama northern bankruptcy or Alabama Southern bankruptcy) and the name of the creditor as well as the name of the debtor, the reference number for the bankruptcy case, amount of the bankruptcy fund and the date that the bankruptcy judge was made. Each of these information pieces could be used separately or together to locate the unclaimed bankruptcy funds. In addition, this federal court locater could be used to discover the contact information for Alabama bankruptcy courts to make personal inquiries about bankruptcy funds that are currently in being held.
- Deposits from credit unions not claimed by the credit union Unclaimed credit union deposits National Credit Union Administration (N.C.U.A.) Asset Management and Assistance Center supervise the distribution of federally insured liquidated shares of shared credit union accounts members. The credit union's deposit that is liquidated could be unclaimed for many reasons like checks not being cashed or inaccurate addresses given by union members. After the expiration date of a share insurance policy (which generally takes approximately 18 months), if it is unclaimed, it will be deemed not insured and subject to losses from that fund. National Credit Union Share Insurance Fund.
In other instances, liquidating a credit union could result in excess funds that are required to be distributed among its shareholders. The distribution process could take a few years following the liquidation of a creditor. Therefore, finding the shareholders of the credit union could be difficult, leading to N.C.U.A. holding the surplus funds.
In general, the N.C.U.A. unclaimed deposit list can be used to examine unclaimed funds that the N.C.U.A maintains. In addition, if an inquirer discovers their name or beneficiary's name on the list and wishes to verify their identity, they must complete and download an application for membership verification. Once they have completed the form, the member can send this form to N.C.U.A. Asset Management and Assistance Center to file a claim for the money not claimed.
Also See: Unclaimed Money Texas
How to Claim Unclaimed Money in Alabama
In Alabama, the state of Alabama, money that is not claimed or assets can be claimed by making claims via post or by personal visit. It is important to note that the first step in claiming unclaimed funds (searching for unclaimed funds) is done online. No matter how the claimant decides to submit his request (by mail or in person) the steps before that are essentially the same. In general, there are four steps required to submit claims:
- Search for money that is not claimed. For a start on the search, the claimant must go to the State's Unclaimed Property Division search page (link above). The page for searching the search page has the following four (4) entry fields, name names or business names city, zip code as well as a property identification. The person seeking to claim the property must fill in at minimum one(1) in each of them (mainly "name and business name") and then click the search button in order to begin an online search. Other input fields could be filled in to narrow the search results. The page that results from a search will include an inventory of property that has not been claimed that is related to the information supplied from the person who is claimed. In the search result page, the claimant will be required to select the asset(s) they would like to claim using the "claim button" on each relevant result. After that, the claimant will be required to click on"continue to file claim" or the "continue to file claim" button.
- Claim initiation procedure: Once the claimant has decided and examined their chosen asset(s) they wish to claim, they will be required to prove their ownership or connection to that asset(s) owners. There are four main (4) options to do this: owner estate representative, heir as well as business representatives. The claimant will click the "file claim button "file claim button". Then, the claimant will be directed to the main information page, where they will input their current contact information. This includes information about the type of claim (either business or individual) and the claimant's complete name (first name, last name, middle name, and last), email address, birth date, telephone number as well as social security number (SSN)/tax I.D.I.D. as well as state, country zip code, city and address. After filling in all the required details, the user can click on"next" or the "next" button towards the bottom of the page to go into the page of previews. A prompt for the address confirmation may be displayed to verify that the address entered by the person claiming the benefits is accurate. After verifying their address, the claimant can select on the "next" button. This will take the user to a preview page with all the selected assets. After confirming that all details are accurate, a claimant will have to accept the terms and conditions by clicking on the relevant box and then pressing the submit button to submit their claim and receive a claim number.
- When submitting a claim: Once the claim form is received, an email will arrive at the email address that the claimant specified on the claim form. The email would include the claim form's attachment along with the list of documents required. The required documents are required to be included in the state in order for claims to be valid. The majority of these documents consist of a completed and signed claim form, a photocopy of the claimant's photo identification, and their SSN. Claimants should read the emails they received to determine the items required. After reviewing and assembling all required documentation, the claimant can submit their claim along together with the other documentation needed for the Unclaimed Property Division by mail or in person at:
- R.S.A. Union Building
- 100 North Union Street, Suite 636
- Montgomery, AL 36104
- In tracking a claim by using the number of a claim, an individual can follow the status of their claim on the statute of the Unclaimed Property Division page. The claim number is located on the form for submitting a claim or in the email the owner sends to claimants.
You may also read: Unclaimed Money Michigan
How Long Does It Take to Get Unclaimed Money in Alabama?
It takes an average of (6) between six and eight(8) days for claims to be considered through the Unclaimed Property Division. The above timeframe is whatever method (in-person or by mail) is used to submit claims. In addition, with their claim number, claimants can monitor and check their progress with their "statue page" (link above) maintained by the State Treasury Unclaimed Property Division.
Who Can Claim Unclaimed Money From Deceased Relatives in Alabama?
Suppose the deceased's estate through a probate judge, who died (unclaimed the money owner) is appointed administrator or executor of the deceased's estate. In that case, they can file a claim on behalf of the dead. Even with no will or being designated as administrator or executor, the spouse who survived and children could be able to claim on the deceased's behalf. Additional inquiries regarding the documentation required to prove their connection with the dead are possible by calling the Unclaimed Property Division at (888) 844-8400.
What Happens to Alabama Unclaimed Money if No One Claims It?
In Alabama, there is no specific time frame for when the state has unclaimed money. In this way, the condition can keep unclaimed funds indefinitely. However, it is a major effort to identify their legitimate owner, the executor named by the court, or administrator.
Recommended to read: Unclaimed Money Arkan
No comments yet