NORTH CAROLINA (WECT) - State Treasurer Dale Folwell is trying to reunite North Carolinians with almost a billion of their own missing dollars. Show
North Carolinians can search their name or business name at NCCash.com to see if any of the $919 million in unclaimed property is theirs. Unclaimed property can mean financial instruments like rent or utility deposits someone may have forgotten to collect or unpaid insurance policy benefits. It can also mean physical objects like items found in abandoned lockboxes that were turned over to the state. “Some of this money results in a life-changing event, especially when you are able to return some life insurance proceeds to a person that did not know they were the beneficiary,” Folwell said. “All the abandoned lockboxes in North Carolina — when the banks cannot figure out who the rightful owners of those lockboxes are — all those contents come to NCCash.com also.” A range of unclaimed treasures have been turned over to the state including collectibles and sentimental items, like marathon medals, war medals and old baseball cards. Folwell’s office does all it can to find the rightful owners of these items, but sometimes they can’t be found and the items end up sitting around for years. While there are unclaimed items and objects, most of what the Unclaimed Property Division returns is money. The grid below shows just how much unclaimed property there is in Southeastern North Carolina:
Because of the relatively new and easy-to-use online match program NCCash.com, the Unclaimed Property Division was able to return a record-breaking $70.4 million in fiscal year 2021. Folwell believes we will surpass that record for fiscal year 2022. “We have the potential of actually doubling that number this year. And what’s even more important is that we’re doing a better job of collecting this money from the financial institutions that owe it to us,” he said. To search your name or business name to see if you have unclaimed property click on this link. Copyright 2022 WECT. All rights reserved. This notice is sent because a state tax refund check issued to the taxpayer has not been cashed. The notice ID is N0005802. The taxpayer should take action by October 1 to receive
a refund check. Why did I get this notice? What if I ignore this notice? A state tax refund check was issued to you, but you have not cashed the refund check. The
taxpayer should take action by October 1 to receive a refund check. The refund check information is in the upper right section of the notice. The taxpayer should review this information and take one of the actions below: Review the information on the
notice. The taxpayer can call 1-877-252-3252 (toll-free) if there are additional questions. [video:https://youtu.be/Z82chxZc2L8 autoplay:0] If the taxpayer does not either (1) send the refund
check to the Department, or (2) complete and return the notarized affidavits by October 1, the Department is required by law to send the refund money to the NC Department of State Treasurer’s Unclaimed Property Program. Once the money is sent to the Unclaimed Property Program, the taxpayer must contact the NC Department of State Treasurer.
When will I receive my refund check once I return the original check or affidavits?If you respond by October 1, please allow at least eight weeks for your refund check to be revalidated or reissued. If you do not receive a reply after eight weeks, call 1-877-252-3252 (toll-free.) Is unclaimed NC Cash legitimate?You can check to see if the state has any unclaimed cash under your name using the link below. This is not Publisher's Clearinghouse, and it is most certainly not a scam. This is money that the law requires is turned over to the state when a business or other entity can't find the person it belongs to.
How do I find unclaimed property in North Carolina?Listings for unclaimed property are posted by last name (inclusive of all counties). The listings are provided annually by the State Treasurer's Office to each clerk of superior court in North Carolina. Contact the State Treasurer's Office or search online for additional information about unclaimed property.
How long does North Carolina hold on to unclaimed funds?Savings and Checking Accounts
Regardless of the internal terminology used, the State of North Carolina considers savings and DDA accounts presumed abandoned five years from the date of the last documented instance of positive owner contact.
What happens when you claim unclaimed property?States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.
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Nc department of state treasurer unclaimed property division
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