Unclaimed Money in Michigan

Unclaimed money, sometimes referred to as unclaimed property, refers to financial or material assets that have lost contact with their rightful owner over time. These resources haven’t quite vanished; they’re simply awaiting reclaim by the individuals or businesses to whom they belong. In Michigan, much like the rest of the United States, these assets come from a variety of sources and can include, but are not limited to:

  1. Dormant bank accounts that have seen no activity for a certain period.
  2. Uncashed payroll checks, where employees may have moved on and left their compensation unclaimed.
  3. Safety deposit box contents that have been forgotten or abandoned.
  4. Stocks, mutual funds, and bonds that have gone unclaimed, perhaps due to lost or uncommunicated changes in company ownership.
  5. Uncashed checks, such as those for dividends, insurance settlements, or refunds.
  6. Utility deposits where service has ended, but the deposit remains unrefunded.
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Unclaimed money in Michigan: A wealth of hidden assets

What’s captivating about unclaimed money is the breadth of what it can encompass; it can be as small as a neglected electric company deposit or as significant as an unforgotten inheritance. In Michigan, the unclaimed property program deals with hundreds of millions worth of such assets annually, symbolizing untapped resources just waiting to be claimed.

Steps to find unclaimed money in Michigan

Using MoneyBot5000

MoneyBot5000 is a simple digital tool designed to help you search for your unclaimed money. Follow the steps below to use it for your assets search.

  1. Go to the MoneyBot5000 website.
  2. Locate the search bar and enter relevant details like your name and address to look for related properties.
  3. Browse through the search results to see if any property belongs to you.
  4. If you find something under your name, you can decide to move forward with the claim process.

Claiming your unclaimed money in Michigan

Complete claim form: Upon identifying unclaimed property, you’ll need to complete a formal claim form, which can typically be downloaded from the Unclaimed Property website or completed online.

Fill in important information: Fill in all the required fields with accurate information. False or incomplete information can result in delays or rejection of your claim.

Notarization: For some claims, notarization may be required to authenticate the identity of the claimant. This step adds a layer of security to the process, ensuring that the claim is legitimate. Make certain that you sign the claim form in the presence of a notary if this is required for your specific case.

Regular checks for unclaimed property

Life is unpredictable and always changing, and it’s quite easy for assets to become lost in the shuffle. Whether it’s a forgotten utility deposit, a paycheck from a short-term job, a refund you never claimed, or an inheritance from a distant relative, there are a myriad of ways in which money can slip through the cracks. Therefore, setting a personal reminder to check for unclaimed property at least once a year—perhaps when you do your annual taxes or when you conduct a review of your financial accounts—can be an effective approach to helping make sure you don’t miss out on what’s yours.

Need to learn more about finding unclaimed money in a neighboring state? See our guides for Wisconsin, Indiana, and Ohio!

Michigan Department of Revenue - Unclaimed Property Division

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Address

Michigan Department of Treasury, Unclaimed Property Division, PO Box 30756, Lansing MI 48909

Unclaimed money

Phone Number

517- 636-5320

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Office Hours

8:00 AM to 4:30 PM, Monday – Friday

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You may qualify to claim missing money. Search now.

Looking for Unclaimed Money?

Check to see how you can claim lost cash and property.