On National Unclaimed Property Day, Idaho is making strides to reconnect residents with their lost assets. The state treasurer, Julie Ellsworth, has spearheaded an initiative aimed at reuniting individuals and entities with over $281 million in unclaimed funds. These funds encompass a variety of sources such as overlooked bank accounts, refunds, insurance settlements, and uncashed checks. The Treasurer’s Office plays a crucial role as the custodian of these assets, ensuring they remain safeguarded until rightful owners come forward.
The dedicated team at the Idaho State Treasurer’s Office has been instrumental in returning substantial amounts of money to its rightful claimants. In just the past year, they have successfully returned over $13.6 million in forgotten cash to various recipients, including individuals, businesses, and government bodies. To facilitate this process, the office maintains a comprehensive online database where Idahoans can easily search for potential unclaimed property by entering their names. This service is provided free of charge, making it accessible to all who may be owed money.
Ellsworth emphasizes the importance of protecting and returning unclaimed property, highlighting the commitment of her staff to ensure that every dollar finds its way back to its rightful owner. This initiative not only benefits individual citizens but also strengthens community trust in financial institutions and government agencies. By fostering transparency and accountability, Idaho sets an exemplary standard for other states to follow in managing unclaimed assets responsibly.