The unclaimed property division of the Tennessee Department of the Treasury has launched some exciting improvements to ClaimItTN.gov, the online portal where anyone can search and claim the missing money they might have in Tennessee. As of June 30, 2021, $ 1.2 billion was waiting to be claimed.
The Unclaimed Property Division is a consumer protection program of the Tennessee Department of the Treasury that strives to raise the missing millions of dollars returned each year to its rightful owners. The Treasury estimates that one in six Tennessians could have missing money.
ClaimItTN.gov is now mobile friendly, improving online searches for unclaimed property in Tennessee on any Internet device. The complaints process has also been streamlined, including improved communications within the portal. Claimants can now file multiple assets on a single claim, dramatically reducing the time it takes to claim and receive assets.
In response to a customer service survey sent to every claimant, Tennessee residents praise their claims experience in the new portal.
âI like how the status of each step in the process was self-explanatory. I will definitely refer other people to search for your website! Thank you!!”
âIt was a very easy and pleasant experience. I’ve told everyone I know about it. Who knew there was money wasted there. Thank you so much!”
âThis unclaimed property was a total surprise to me. And during this difficult year of the COVID-19 virus, the lockdowns and unfortunate deaths of so many people, this unexpected little ‘gift’ lifted my spirits and made me smile with gratitude. ”
“It was quick and the staff I spoke with were always helpful and very kind. Thank you for this service, this money was really needed at this time.”
From July 1, 2020 to June 30, 2021, 188,704 properties totaling approximately $ 60 million were returned by the Unclaimed Property Division to owners or their heirs, local governments and reciprocal states.
âIt has been gratifying to see millions of dollars put back into Tennesseans’ bank accounts during such a critical time,â said State Treasurer David H. Lillard, Jr.
Unclaimed property is money that has been turned over to the state by businesses and organizations unable to locate owners. This includes intangible assets such as utility or business reimbursements, unclaimed wages, credit balances for overpayments, gift certificates, securities, bank accounts, etc.
The Treasury Department uses a variety of methods to locate owners of unclaimed property, including sending letters to the address provided when ownership was handed over to the business (holder) and sending letters to employers of claimants. potentials whose social security number has been associated with records. from the Tennessee Department of Labor and Workforce Development. On average, the Unclaimed Property Division sends hundreds of thousands of letters each year to potential claimants. If you have received a letter, you can verify the information by visiting ClaimItTN.gov.
There is never a fee to claim your missing money in Tennessee, nor a time limit to claim. Anyone can see if they owe them any missing money by searching for their name on ClaimItTN.gov, and can file a claim online if they find unclaimed property belonging to them. The online database contains all unclaimed property in Tennessee dating from the start of the program. Treasury recommends that you also research common misspellings in your name and addresses, as this may be the reason the company was not able to return the money to you initially. Our website also includes a link to help you find missing money in other states.