You may be entitled to a one-time check from unclaimed $671million pot – see if you’re eligible for cash
AMERICANS can get money from a $671million pot as they may be owed money from a trust fund.
Residents of Louisiana can begin claiming their money on National Unclaimed Property Day.
In addition to the $671million of unclaimed money, there is also $94million in unclaimed shares.
Unclaimed property refers to anything like refund or payroll checks, oil royalties, utility deposits, dormant bank accounts, or safe deposit that never made it to their rightful honor or heir.
The money is stored in a trust fund owned by the state before it can be claimed.
As of today, Louisiana has returned over $708,654,992.
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HOW TO CLAIM MONEY
If you want to check if you have unclaimed money, you have to check on the state's website.
Next, you have to click on "get started" and enter in your full name, city and zip code.
If there’s money you can claim back, the website will tell you the general range of how much you can get.
To obtain the cash, you have to fill out a claim form to prove your ownership, which could take up to 90 days to process.
OTHER REFUNDS
Louisiana is actually not the only state with a fund of $671million because New York is also sending checks out from a $672million pot.
New York residents will receive money from the state to pay off past-due utility bills.
On January 19, Hochul announced that 478,000 residential customers and 56,000 small businesses will receive money to pay for bills.
This includes bills for electricity, water, heat, and gas bills.
The funding will come from a $672million pot, which will be the largest utility financial assistance program in the state's history.
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Plus, eligible Americans may receive between $500 and $1,250.