The State of Illinois Just May Have Some Money For You
Illinois Treasurer Mike Frerichs has around $2 billion in unclaimed property. Some of that money might be yours--but you have to check.
If you haven't paid a visit to the Illinois iCash website, it might be worth your while to change that. All of that unclaimed property is just sitting there waiting to be picked up if you match the information they have on hand.
The State of Illinois is returning a record-breaking $180 million in unclaimed property to its residents through its iCash program. $180 million in forgotten cash and stocks were returned to individuals, employers and non-profits by the State Treasurer's office in the past year.
Officials say the new fast track and e-claiming processes, unveiled earlier this year, made it easier for people to claim property and lead to the record-breaking number.
The State Treasurer is tasked with safeguarding unclaimed property such as unpaid life insurance benefits and forgotten bank accounts.
The unclaimed property and/or money will remain right where it is until the day it is legally claimed. Under Illinois law, the state treasurer must find the rightful owners of the properties or funds, no matter how long that process takes.
If you'd like to see if you're supposed to be on the receiving end of some money, click here.
Here's former Illinois State Treasurer Alexi Giannoulias explaining the program: