Check your mail: Utah to start reuniting Utahns with their unclaimed property automatically

Oct 17, 2023, 10:55 PM

SALT LAKE CITY — Check your mailbox. There is a good chance you will have some money in there that you weren’t expecting.

The State of Utah has been working on a better way to reunite Utahns with their lost property, as it is holding onto hundreds of millions of dollars in unclaimed property.

These are funds turned over to the state from dormant bank accounts, uncashed checks, life insurance policies, unpaid wages, stocks and dividends, refunds, and more. When a company, employer, or financial institution can’t find you, they send your property to the state to safeguard until you claim it.

But now, the Unclaimed Property Division will send it to you, and you don’t have to lift a finger to get it. People with unclaimed property can expect a check in about six weeks.

“I’m very excited about this,” said Utah State Treasurer Marlo Oaks.

Oaks worked to change the law, allowing his department to match people with their money and proactively send it out.

Until now, people have needed to search for their money and then claim it.

“I think this is the most significant development in unclaimed property history,” Oaks said.

It’s a development that will mean a lot of money being pumped back into Utah’s economy.

“We’ve estimated about $65 million,” Oaks said.

He says that is about double what is claimed each year.

“This is people’s money,” Oaks said. “It is our job to get that money back to the rightful owners.”

Amounts above $2,000 won’t be sent automatically. You’ll still have to verify your identity and claim it. But for any amount under that, you could have a check in your hand before the end of the year.

Matt Gephardt

According to new data from Carfax, at the end of last year, there were 609,000 vehicles with an unf...

Matt Gephardt

600,000 cars in Utah need recalls fixed, what is holding up the repair work?

According to new data from Carfax, at the end of last year, there were 609,000 vehicles with an unfixed recall in Utah.

2 days ago

Lynzee Delapaz explains to KSL’s Matt Gephardt how her car was damaged when it collided with anot...

Matt Gephardt and Sloan Schrage

Get Gephardt: Who’s legally responsible for damage when cars collide in a car wash?

A Grantsville woman’s car was damaged inside a car wash when the vehicle ahead of her went off the tracks. So, who pays for the damage?

3 days ago

Matt Gephardt speaking to Thelissa Mead about Hyundai not responding to her claims and getting her ...

Matt Gephardt

Get Gephardt helps Utah Hyundai owner seeking reimbursement for overestimated fuel economy

A major automaker was accused of saying their cars get better mileage than they really do, And they promised to pay their customers back. But when one Utah customer wasn't, she decided to Get Gephardt.

7 days ago

(FILE) A test dummy getting hit by an air bag during a crash test....

Matt Gephardt and Sloan Schrage, KSL TV

Thousands of cars equipped with faulty airbags on Utah roads as automakers issues ‘Do Not Drive’ warnings

Auto manufacturers have recalled over millions of Takata airbags because of their potential to explode and shoot out sharp metal fragments. And there are still thousands of those in cars across Utah.

16 days ago

Danielle Addicott showing KSL's Matt Gephardt the fraud charges that were on her Wells Fargo accoun...

Matt Gephardt and Sloan Schrage, KSL TV

Get Gephardt helps Utah woman who says her bank refused to refund stolen money

A Park City woman says thousands of dollars were stolen from her bank account, but the bank refused to cover her loss. She decided to Get Gephardt.

21 days ago

Credit cards...

Matt Gephardt

Household debt reaches record high but inflation is masking debt progress

Personal finance experts say American household debt is at a record high, but considering the circumstances, it could be much worse.

22 days ago

Sponsored Articles

Photo courtesy of Artists of Ballet West...

Ballet West

The rising demand for ballet tickets: why they’re harder to get

Ballet West’s box office is experiencing demand they’ve never seen before, leaving many interested patrons unable to secure tickets they want.

Electrician repairing ceiling fan with lamps indoors...

Lighting Design

Stay cool this summer with ceiling fans

When used correctly, ceiling fans help circulate cool and warm air. They can also help you save on utilities.

Side view at diverse group of children sitting in row at school classroom and using laptops...

PC Laptops

5 internet safety tips for kids

Read these tips about internet safety for kids so that your children can use this tool for learning and discovery in positive ways.

Women hold card for scanning key card to access Photocopier Security system concept...

Les Olson

Why printer security should be top of mind for your business

Connected printers have vulnerable endpoints that are an easy target for cyber thieves. Protect your business with these tips.

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light up your home with these top lighting trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for hassle-free computer repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Check your mail: Utah to start reuniting Utahns with their unclaimed property automatically