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Is the Texas Comptroller Holding Your Money as Unclaimed Property?

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The Texas Comptroller’s Office has stated they have paid $308 million worth of unclaimed property claims in the previous fiscal year, and funds which could even belong to you may still be available! 2018 was noted as the first year in which the program paid out over $300 million in one year and there’s still more money yet unreturned.

The money comes from a number of sources. This could be forgotten refunds, proceeds from insurance, forgotten utility deposits, cashier’s checks, payroll checks, and even dividends. The Texas Comptroller has reported this is the most money they’ve had since 2017. After it sits dormant for anywhere between one and five years, the businesses that received this money will generally submit it to the unclaimed property program.

Is the Texas Comptroller Holding Your Money as Unclaimed Property?

Photo: Pixabay

With respect to the return of this money, Comptroller Glenn Hegar was quoted by ksat.com as saying: “Since I took office, I have been committed to returning more unclaimed property to the rightful owners across our great state.” He further credited his team for the noticeable increase in payouts, noting, “They have helped implement new technologies to make claiming money easier than ever before, and they strive every day to improve customer service and build a more efficient claims process. I want to thank them for their commitment and dedication to the people of Texas.”

Is the Texas Comptroller Holding Your Money as Unclaimed Property?

Photo: Pixabay

Claiming the money isn’t as hard as some might lead you to believe. Those who feel they may have property which is unclaimed can visit claimittexas.org to get started in the process. If there’s money that’s unclaimed in your name, it will be listed at this link. Not only that, but there’s absolutely no time limit to claiming the money, since there’s no statute of limitations for state-held property which is unclaimed! If you think there might be money in your name being held by the Texas Comptroller’s Office, you should visit the link above and complete a claim.