The Florida Bureau of Unclaimed Property completed a record-breaking month of returns in February.
In the past month, the Bureau processed and paid more than $32 million in claims. Nearly 58,000 claims were processed and the resulting funds were returned back to the rightful owners.
The next highest month on record was $27.5 million in claims that were returned during the month of August in 2014.
“The Bureau of Unclaimed Property has raised the bar in its mission to reconnect Floridians with their unclaimed property,” CFO Atwater said. “It is our goal to return every dime of unclaimed property back to its intended owner, and I’m proud to see that our proactive efforts to do so are paying off.”
More than $1.2 billion in unclaimed property has been returned to rightful owners since CFO Atwater took office in 2011. That amounts to more than 40 percent of all returns since the program was created in 1961. Accounts valued at more than $1.5 billion remain to be claimed. Accounts are available to claim at any time and at no cost.
Currently, the department holds unclaimed property from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings. Until claimed, unclaimed money is deposited into the state school fund, where it is used for public education.
Click here to check for accounts that the unclaimed property program may be holding onto for you or your business.