Thousands of Ohioans missing out on over $2 billion in unclaimed funds
COLUMBUS, Ohio (WKRC) - There are thousands of Ohioans missing out on more than $2 billion in cold hard cash. And they haven't the slightest idea.
Marlene Chukes, the deputy superintendent of the Ohio Division of Unclaimed Funds, says there's more than 2.1 billion dollars left unclaimed.
"It comes from all sorts of places," said Chukes. "It could be stocks, bonds, safe deposit boxes. Old checks you have from former employees. Deposits from utilities."
The average amount claimed is $1,600 according to the Ohio Division of Unclaimed Funds.
The state also auctions off the contents of unclaimed safe deposit boxes. Once the stocks, gold coins, baseball cards and stamps are sold, the money goes back into those unclaimed accounts.
Chukes says the best way to keep your money in your pocket, and off of the unclaimed list, keep track of your accounts. She says notify businesses if you move and change addresses.
You should also check the list every so often because companies are required by law to report unclaimed funds every year.