West Chester, Pa (December 12, 2023) –State Senator Carolyn Comitta is reminding Chester County residents they may be owed early holiday presents in the form of unclaimed property.
Unclaimed properties include dormant bank and retirement accounts, jewelry, military medals, stocks, and uncashed checks that have been lost or forgotten by their rightful owners over the years. Among the unclaimed assets are funds from checks, rebates, forgotten stocks, as well as items stored in safe deposit boxes.
“Many of us could always use some extra cash, especially around the holiday season,” Comitta said. “I encourage you to search the Pennsylvania Treasury’s online database. If you find that you are owed any unclaimed property, please don’t hesitate to contact my office. My staff will be glad to assist you in claiming it.”
One in ten Pennsylvanians has unclaimed property, and the average property claim is worth about $1,600, according to the Pennsylvania Treasury.
Last year, the Treasury returned a record amount of unclaimed property – nearly $274 million – to its rightful owners. While significant progress has been made in reuniting individuals with their unclaimed assets, there is still an astonishing $4.5 billion waiting to be collected.
To see if you may have unclaimed property, visit the official website of the Pennsylvania Treasury at www.patreasury.gov or contact the Bureau of Unclaimed Property toll-free at 1-800-222-2046.
You can also reach out to Senator Comitta’s office for assistance at 610-692-2112
There is no fee for claimants to prepare and file an unclaimed property claim through the Pennsylvania Treasury or a legislative office.
Over the years, the Unclaimed Property Division has successfully reunited hundreds of millions of dollars in unclaimed assets with their rightful owners.