3/25/2023 0 Comments Icash com illinois1, Frerichs is highlighting two recent ICash website improvements, which make it simpler than ever for people to discover and collect unclaimed property, according to the media release. Users will also be able to alert friends or relatives who do not know they have unclaimed property.Īhead of National Unclaimed Property Day, Feb. Illinois State Treasurer Michael Frerichs announced Monday that those checking for unclaimed property on the ICash website will now be able to ask questions to a chatbot, named Abe, according to a media release from government officials. (KWQC) - Checking unclaimed property on the ICash website just got even easier thanks to the new features of a chatbot update. In Illinois, the state treasurer is tasked with safeguarding unclaimed property, such as unpaid life insurance benefits, forgotten bank accounts and unused rebate cards.īecause unclaimed property is reported to the treasurer’s office twice a year, it is recommended individuals check the database every six months.SPRINGFIELD, Ill. To find out if you have unclaimed property in Illinois, visit Unclaimed property refers to money or accounts within financial institutions or companies in which there has been no activity for several years and the legal owner has not responded to inquiries by the business. A Metro East library received over $3,000.$12,000 returned to condo association in Rogers Park in Chicago.A Catholic school in Rockford received more than $2,100.Ernest Ulrich, an Army veteran from Chicago, left $2.1 million to be split between The Salvation Army, Little Brothers Friends of the Elderly, The Chicago Lighthouse for People Who Are Blind, Goodwill Industries of Metro Chicago and Shriners Hospitals for Children.A southern Illinois woman received $140,000 from a life insurance policy.A Chicago-area woman received $4.4 million from an estate claim.Here is a small sampling of the hundreds of thousands unclaimed property returns made by the Treasurer’s Office in 2021: The number of successful claims for unclaimed property per year has more than tripled. The $1.3 billion milestone was possible because the State Treasurer’s office prioritized changes in technology, efficiency, and state law to streamline the unclaimed property process. Since 2015, $1.3 billion in unclaimed property has been returned, the most that has been returned in the program’s 60-year history. “It is your money and should be returned to you.”Īn estimated one-in-four people in Illinois find unclaimed property and the average claim is $1,000. “States are required to return unclaimed property to its owner no matter how long it takes,” Kathleen Lobell, Director of Louisiana Unclaimed Property, and President of National Association of Unclaimed Property Administrators (NAUPA) said. The National Association of Unclaimed Property Administrators (NAUPA) launched the first National Unclaimed Property Day on February 1, 2021, to inform more people about unclaimed property. “You don’t have to wait until February 1, you can check our website today at /ICASH and find out if you or someone you know has cash or property to claim.” “We know when we get money back in the hands of residents, it does more good for our economy than sitting in a bank,” Frerichs said. On February 1, states across the country will celebrate National Unclaimed Property Day to raise awareness and encourage people to check if they have cash or property owed to them, Illinois Treasurer Michael Frerichs said. February 1 is National Unclaimed Property Day Visit /ICASH to Find Out What Belongs to You
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