Ohio Unclaimed Property

Ohio Unclaimed Property: Everything You Need to Know for Free!

If you live in Ohio, there’s a chance you have unclaimed funds waiting for you. Unclaimed funds are assets that have been abandoned by their rightful owners for a variety of reasons, such as death, a change of address, or forgotten accounts. In Ohio, unclaimed funds are held by the Ohio Department of Commerce’s Division of Unclaimed Funds. In this comprehensive guide, we’ll cover everything you need to know about Ohio unclaimed funds.

What are Ohio unclaimed Property?

Ohio unclaimed funds are assets that have been unclaimed by their rightful owners for a certain period of time, usually between one and five years. These assets can include:

How do funds become unclaimed in Ohio?

There are a few common ways that funds become unclaimed in Ohio:

  • Death: If the owner of the asset passes away and the heirs are not aware of the asset’s existence, it can become unclaimed.
  • Change of address: If the owner of the asset moves and does not update their contact information with the asset holder, the asset can become unclaimed.
  • Forgotten accounts: If the owner of the asset forgets about it or loses track of it, the asset can become unclaimed.

How to search for Ohio unclaimed funds?

You can easily search for unclaimed funds in Ohio through the Division of Unclaimed Funds website. Follow these simple steps:

  1. Go to the Ohio Division of Unclaimed Funds website at https://com.ohio.gov/divisions-and-programs/unclaimed-funds/unclaimed-funds.
  2. Click on the “Search Unclaimed Funds” button.
  3. Enter your name or business name in the search field and click “Search.”
  4. If there are any matches, follow the instructions to claim your funds.

How to claim Ohio unclaimed funds?

If you find unclaimed funds that belong to you, you’ll need to file a claim with the Division of Unclaimed Funds. Follow these steps:

  1. Download and print the claim form from the Division of Unclaimed Funds website.
  2. Fill out the form completely and accurately.
  3. Provide any required documentation, such as proof of identity or ownership.
  4. Mail the form and documentation to the address provided on the form.

What happens to unclaimed funds in Ohio?

If unclaimed funds are not claimed by their rightful owners, they are held in perpetuity by the Division of Unclaimed Funds. However, the Division makes every effort to locate and return unclaimed funds to their rightful owners.

How to prevent Ohio unclaimed funds?

The best way to prevent unclaimed funds is to keep track of all your assets and keep your contact information up-to-date with the asset holders. Here are a few tips:

  • Keep a record of all your bank accounts, insurance policies, and other assets.
  • Notify your asset holders of any changes in your contact information.
  • Cash checks promptly and keep track of any outstanding checks.

Conclusion

Unclaimed funds are a common occurrence in Ohio, but they don’t have to be a mystery. By following the steps outlined in this guide, you can easily search for and claim any unclaimed funds that belong to you. Remember to keep track of your assets and update your contact information regularly to prevent unclaimed funds in the future.