Unclaimed Property in West Virginia

How to Find and Claim Your Unclaimed Property in West Virginia

Have you ever lost track of an old bank account, uncashed check, or forgotten safe deposit box? If so, you might be surprised to learn that the state of West Virginia is currently holding onto $300 million in unclaimed property that could belong to you or someone you know.

What is unclaimed property?

Unclaimed property is any financial asset that has been left inactive or abandoned by its owner for an extended period of time. This can include bank accounts, stocks, bonds, mutual funds, insurance policies, uncashed checks, wages, and more. When the rightful owner cannot be located, the property is turned over to the state’s unclaimed property division where it is held until the owner or their heirs come forward to claim it.

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How does property become unclaimed in West Virginia?

In West Virginia, property is considered unclaimed if there has been no activity on the account for five or more years, and the holder of the account is unable to locate the owner. Holders of property include banks, credit unions, insurance companies, and other financial institutions. Once the property is turned over to the state, the West Virginia State Treasurer’s Office takes custody of the assets and attempts to locate the rightful owners.

How to search for and claim your unclaimed property in West Virginia

If you think you may have unclaimed property in West Virginia, the first step is to search the state’s unclaimed property database. You can access the database by visiting the West Virginia State Treasurer’s website and entering your name or the name of a business or organization. Be sure to search for variations of your name, as well as common misspellings.

If you find property that belongs to you or someone you know, you can submit a claim form online or by mail. The claim form will require you to provide proof of identity and ownership, such as a driver’s license, Social Security number, and documentation of the property.

It’s important to note that there are no fees associated with claiming your unclaimed property in West Virginia. Beware of companies that offer to help you claim your property for a fee. These companies are often scams that charge high fees for services you can easily do yourself.

If you live in West Virginia or have ever lived in the state, it’s worth taking a few minutes to search for unclaimed property. With $300 million currently waiting to be claimed, you never know what you might find. Remember to search for variations of your name and be cautious of companies that charge fees for property search services. By taking these steps, you could be reunited with money that rightfully belongs to you.