CINCINNATI, OH (FOX19) - Ohioans received more than $60.9 million in unclaimed funds during Fiscal Year 2011 according to the Ohio Department of Commerce.
David Goodman, Director of the Ohio Department of Commerce, says the Division of Unclaimed Funds paid 46,222 claims to Ohioans, which was a 9.4 percent increase over Fiscal Year 2010. The average paid claim was for $1,318.
Hamilton County Treasurer Robert Goering says the Division reunited Hamilton County residents with more than $4.2 million in unclaimed funds. This was a 78 percent increase over the previous fiscal year. The Division paid 3,503 claims to Hamilton County residents, an increase of 68 percent during FY 2011.
"The Division of Unclaimed Funds is working aggressively to reunite Ohioans with their hard-earned money," said David Goodman, Director of the Ohio Department of Commerce. "We greatly appreciate Treasurer Goering's efforts in making Hamilton County residents aware of unclaimed funds and encouraging them to claim their funds. His office is a great partner in our outreach initiatives."
The Treasurer's Office prominently highlights unclaimed funds on its website and has an unclaimed funds kiosk in the reception area where county residents pay their real estate taxes. The Office also brings its unclaimed funds list to events in Hamilton County.
Director Goodman encourages Ohioans to visit the Division's website at www.com.ohio.gov/unfd/TreasureHunt.aspx to check for unclaimed funds. The service is available seven days a week, 24 hours a day.
Unclaimed funds consist of monies or the right to monies that have been dormant or forgotten. These funds are reported to the State of Ohio for safekeeping until the rightful owners can be found. Some common examples include: dormant checking and savings accounts, forgotten rent and utility deposits, uncashed checks, undelivered stock certificates, and uncashed insurance policies.