facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

$75M in unclaimed funds returned to Ohioans



Published: Thu, July 17, 2014 @ 12:00 a.m.

By Marc Kovac

news@vindy.com

COLUMBUS

Wondering whatever happened to the security deposit on that apartment you rented years ago or the savings account you forgot you opened?

The proceeds might be waiting for retrieval among unclaimed funds being held by the state of Ohio.

The Ohio Department of Commerce’s Division of Unclaimed Funds reported this week that nearly $75 million in such funds was returned to Ohioans during the past fiscal year. The result was up from $69.2 million a year earlier and the highest total ever disbursed.

Department spokesman William Krugh said one individual was able to snag close to $744,000 in forgotten funds, though the average payout was closer to $1,500.

Unclaimed funds include monies that were lost or abandoned through the years by individuals who forgot they had bank accounts, failed to receive rent, paychecks or utility security deposits or lost stock certificates or checks.

The funds are required to be turned over to the state for safekeeping until their rightful owners can be identified.

Ohioans can search the state’s unclaimed database online at www.com.ohio.gov/unfd.

“This money can help Ohioans buy a tank of gas, pay off some bills, make a needed home repair or even expand a business, which means jobs for Ohioans,” commerce department Director Andre Porter said in a statement.


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes