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Memphis News & Weather | Memphis, TN | WATN - localmemphis.com

Tennessee has $1.1 billion of unclaimed property like savings or checking accounts, stocks, and payroll checks. Find out if some of it is yours

If banks, credit unions, utilities companies, governments, or other organizations owe you money —and cannot locate you— then you may have unclaimed property.
Credit: Антон Зимин - stock.adobe.com

MEMPHIS, Tennessee — The state of Tennessee has over a billion dollars of unclaimed property, and it wants to give it to the rightful owners. Some of it could be yours!

The Tennessee Department of Treasury is the point agency that tries to return the money. As a matter of fact, the department returned 59,129 claims in fiscal year 2020.

Technically, it’s called unclaimed property, and Tennessee has over $1.1 billion of it. Here’s how they describe it: "If banks, credit unions, utilities companies, governments, or other organizations owe you money —and cannot locate you— then you may have unclaimed property. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), contents of safe deposit boxes, and more."

So, how can you find out if some of that is yours? Simple! The Tennessee Department of Treasury allows you, free of charge, to search for it online. If there's a match, you can file a claim for your unclaimed property, again free of charge, on their website.

To conduct a free search for unclaimed property in Tennessee, click here.