COLUMBUS, Ohio (WLIO) – Could you have some unclaimed funds out there that you don’t know about?
The Ohio Division of Unclaimed Funds says it is safeguarding around $5 billion for residents to claim. The money comes from dormant bank accounts, uncashed checks, utility deposits or unclaimed wages.
The state has launched a new system designed to make it easier—and potentially faster—for Ohioans to get the money they are owed.
“So, some of the highlights that you can expect to see is, on our website, we have some new functionalities. You will be able to search your name for funds, you will be able to submit your documents, and you will be able to search and find out the status of your claim, right there in one place,” says Suzie Wagner, outreach supervisor.
The division hopes the updated website will streamline the claim process for users.
“So, the reason we have this new system, and we are launching it now is because we have listened to the feedback that we have gotten, and we wanted to leverage technology and be more innovative and meet those requirements of the Ohioans that we serve you,” adds Wagner.
How to Search for and Claim Funds
Individuals who would like to search for unclaimed funds owed to them or their loved ones should complete the following three-step process:
- Search for unclaimed funds and generate a claim form by accessing the new system at com.ohio.gov/UnclaimedFunds.
- Review and gather the required documentation.
- Submit the claim form and any documents by mail or upload them directly through the system.
While claims are typically reviewed within a 120-day period, the Division anticipates this new system will provide for increased capability, allowing more claims to be reviewed.
Upcoming Webinars and Live Demonstrations
To help Ohio consumers and business owners understand how to navigate the new system, the Division will host the following free webinars and live demonstrations.
· Business Owners Webinar – Wednesday, April 9, from Noon to 1 p.m. Click here to register.
· Facebook Live Demo for Claimants – Thursday, April 10, at 10 a.m.
· Live LinkedIn Demo for Business Owners – Thursday, April 10, at 10:30 a.m.
· Consumer Webinar with the BBB – Wednesday, April 16, from 10 to 11 a.m. Click here to register.
Protecting Against Scams
Given the prevalence of online scams, Commerce prioritized online safety and security in the development of this system. In addition to the system being accessible via direct link from the Division’s website, which features .gov URL, indicating that it is an official government resource.
Ohioans are encouraged to always remain cautious of unsolicited calls or messages requesting personal information under the guise of unclaimed funds. If you receive an unsolicited call or text asking for personal information, the Division advises against engaging. However, it’s important to note the Division does register “finders” who assist with the recovery of unclaimed funds and can charge a fee of up to 10% of funds collected. If you are contacted by a finder, you should ask for their registration number and contact the Division to verify they are registered.
For additional information on the benefits these enhancements offer Ohioans, listen to the latest episode of the Ohio Department of Commerce’s "Protecting What Matters" podcast.
