The state of Pennsylvania returned more than a quarter billion dollars’ worth of unclaimed property to citizens last year.
The Treasury Department said Wednesday the $254,122,398.05 total was a 34 percent increase from 2016.
“In July, we announced that for the fiscal year we had surpassed historic return amounts, and we continued those efforts by returning more than $26 million in just a few months to close out the calendar year,” said Treasurer Joe Torsella.
Businesses are required to report unclaimed property – abandoned bank accounts, forgotten stocks, safety deposit boxes, etc. – to the state by law. The Treasury Department serves as custodian for the property until it can track down the legal owner.
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Go to the department's website to search for unclaimed property that may belong to you. The department says it has more than $3.2 billion in unclaimed property, and 10 percent of state residents have claim to some portion of that.