There's approximately $919 million in the unclaimed property fund and you may be one of the North Carolinians who is owed money from the fund! Claim Your Cash, part of
the NC Cash Program, helps reunite owners with their unclaimed property.
Folwell, the state treasurer, manages the state's unclaimed property, or escheats, fund.
"As keeper of the public purse, I take my job very seriously of saving money and making money," Folwell told the Durham Herald-Sun last year, "but also returning money to its rightful owner. It's just doing our job."
What is unclaimed property?
According to the NC Treasury, unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years. Funds become unclaimed because the company loses track of the consumer, due to an incorrect address or other missing information. By law, these funds are escheated, or turned over, to the Department of State Treasurer for safekeeping until claimed.
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