Michiganders might want to keep an eye on their wallets, and not because they're likely to be light. According to Governor Gretchen Whitmer's proclamation, there's a whopping $2 billion in unclaimed property in the Wolverine State. February 1 has been officially declared Unclaimed Property Day, a reminder for residents to check the state's unclaimed property website to see if they're owed any forgotten funds.
In an official document obtained by the State of Michigan, the Governor stresses the importance of this day, set to reunite Michigan residents with their lost or abandoned financial assets, such as uncashed checks or insurance proceeds. With over 20 million accounts waiting to be claimed, individuals could find themselves pleasantly surprised by a little—or hefty—financial boost. Over $130 million a year is returned to rightful owners; that's not chump change.
So how can you find out if you're one of the lucky people with money waiting? FOX 2 Detroit lays it out simply. Hop on the Michigan Department of Treasury Unclaimed Property website, punch in your name, and see what pops up. If you think your past has left some loose change around the country, there's a nationwide database to explore as well.
Michigan's unclaimed property might be an unexpected windfall for many. Whether it's a paltry sum or a small fortune, on this Unclaimed Property Day, it's surely worth a few minutes to check if a slice of that $2 billion belongs to you.
