Minnesota Unclaimed Property

Minnesota Unclaimed Property

How to Reclaim Your Lost Assets For Free!

If you’re a resident of Minnesota, there’s a possibility that you may have unclaimed property waiting for you. Unclaimed property refers to financial assets or valuables that have been abandoned by their rightful owners and are being held by the state until they can be reunited with their owners. In this comprehensive guide, we will explore the process of reclaiming unclaimed property in Minnesota, providing you with valuable insights and step-by-step instructions.

What is Unclaimed Property?

Unclaimed property can take various forms, including but not limited to:

  • Bank accounts
  • Stocks and dividends
  • Insurance policies
  • Uncashed checks
  • Safe deposit box contents
  • Gift certificates
  • Utility deposits
  • Forgotten wages

When an individual or organization holds unclaimed property without any activity or contact from the owner for a specified period (known as the dormancy period), it becomes subject to escheatment laws. Escheatment refers to the process by which unclaimed property is transferred to the custody of the state until the rightful owner comes forward to claim it.

Understanding Minnesota’s Unclaimed Property Program

The Minnesota Department of Commerce oversees the administration of the state’s Unclaimed Property Program. The primary objective of the program is to ensure that unclaimed assets are safeguarded and eventually returned to their rightful owners.

How Does Property Become Unclaimed in Minnesota?

In Minnesota, property is considered unclaimed when there has been no activity or contact with the owner for a specific period. The dormancy periods vary depending on the type of property. For instance:

  • Bank accounts: 3 years of inactivity
  • Safe deposit box contents: 5 years of no contact
  • Uncashed checks: 1 year from the date of issue

Once the property becomes unclaimed, the holder (typically a financial institution or business) is required by law to report and remit the abandoned property to the state.

Searching for Unclaimed Property in Minnesota

To determine if you have unclaimed property in Minnesota, you can utilize the state’s official website dedicated to the Unclaimed Property Program. Follow these steps to conduct a search:

  1. Visit the Minnesota Unclaimed Property website at https://minnesota.findyourunclaimedproperty.com.
  2. On the homepage, you will find a search box where you can enter your name or the name of the individual you are searching for.
  3. Fill in the required details and click on the search button to initiate the search process.
  4. The website will then display a list of potential matches based on the information provided.
  5. Review the search results carefully, paying attention to the listed properties and their respective claim statuses.
  6. If you find a match that appears to be yours, click on the corresponding claim button to proceed with the reclaiming process.

Filing a Claim for Unclaimed Property in Minnesota

Once you have identified unclaimed property that belongs to you or someone you are authorized to represent, you can initiate the claim process. Follow these steps to file a claim:

  1. Click on the claim button next to the property you wish to reclaim.
  2. You will be redirected to a claim form that needs to be completed accurately and in detail.
  3. Provide the required personal information, such as your name, address, and contact details.
  4. Attach any supporting documents that may be requested, such as identification proof, proof of ownership, or relevant legal documents.
  5. Review the completed form and attachments to ensure all the information is accurate and up to date.
  6. Submit the claim form through the website or follow any additional instructions provided for submission.

Processing and Verification of Claims

After submitting your claim, it will be reviewed by the Minnesota Department of Commerce. The verification process aims to ensure that the property is returned to its rightful owner. The timeframe for processing a claim may vary depending on the complexity of the case and the volume of claims being processed.

During the verification process, the Department may contact you for additional information or documentation to support your claim. It’s essential to promptly respond to any inquiries to avoid delays in the process.

Receiving Your Unclaimed Property

If your claim is approved, you will receive your unclaimed property through the preferred method selected during the claim filing process. This could include a direct deposit to your bank account or a physical check sent to your mailing address. The exact method of delivery will be determined by the Department of Commerce.

Resources and Additional Assistance

If you require further assistance or have specific inquiries regarding the unclaimed property process, the Minnesota Department of Commerce offers various resources:

  • FAQ Section: The official website contains a comprehensive FAQ section that addresses common questions and concerns.
  • Contact Information: The website provides contact details for the Unclaimed Property Program, allowing you to reach out to them directly for assistance.


Reclaiming unclaimed property in Minnesota is a straightforward process, thanks to the dedicated efforts of the Unclaimed Property Program administered by the Minnesota Department of Commerce. By following the step-by-step instructions outlined in this guide and utilizing the official search portal at https://minnesota.findyourunclaimedproperty.com, you can potentially uncover lost assets and initiate the reclaiming process. Remember to provide accurate information and respond promptly to any requests from the Department to ensure a smooth and successful recovery of your unclaimed property.