Discover Minneapolis


Minnesota Unclaimed Money Totals More Than $300 Million

Of the tens of billions of dollars inhave reliable databases, and even when
unclaimed assets across the country, thelooking at data straight from the state, the
North Star State is home to more than $300information is only as good as the people
million. MN is known for freezing coldupdating the records. These assets are turned
winters, but most people don't know about theover to the state constantly, but that
mountains of cold hard cash in the form ofdoesn't mean each record is added the second
Minnesota unclaimed money. The best partthe  state  takes  control  of  it.
about all of these millions is that they
belong to regular citizens across the stateIf a Minnesota resident searches for MN
who only need to track them down and claimmissing money on Monday, but someone at the
them.Commerce Department didn't update their
system with that resident's record, then the
It's easy to dismiss unclaimed property as aresident would be incorrectly told they
myth because it is difficult for most of usweren't owed money. Now, consider the fact
to believe that our neighbors (and ourselves)that money can be turned over all year, and
simply abandoned significant amounts of moneythat many account types aren't required to be
throughout our lives and that it's all justturned over to the state for 3 to 5 years,
sitting out there under our noses, waiting toand longer in some cases. What this tells us
be discovered. A quick call to Minnesota'sis that searching more than once, frequently
Department of Commerce, or the State Treasuryin fact, is one of the most important tactics
Department in any other state will put youra searcher can use, and one that all
scam concerns at ease. This money is withinprofessional  finders  use  regularly.
reach for those citizens with a little
education  on  the  matter.There are also a variety of reasons why
Minnesota residents might be owed money by
The reason unclaimed funds totals have grownother states, and residents of other states
so greatly across the country is because mostmight be owed MN unclaimed money. These often
people don't even know this cash exists, andhave to do with the location of insurance
those that do still haven't been properlycompanies and corporate headquarters of
trained to search for these monies. There areemployers. For these reasons, people should
a number of obstacles that stand in the waynever limit their searches to their home
of beginners who are trying to find theirstate or they could miss out on significant
lost money that are easy to overcome ifchunks  of  cash  with  their  names  on  it.
people  know  what  they're  doing.
For further details on these tips and many
One of the biggest mistakes people make whenmore, people who are truly interested in
searching for forgotten funds, is searchinglocating all possible money owed to them
their name at whatever website they first runshould educate themselves on how to perform a
across and ending their search there. Forthorough search and copy the tricks used by
starters, very few unclaimed cash websitesexperts in the unclaimed property game.



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