26,000 Louisianans to get unclaimed property checks totaling $4.4 million by mail

SHARE NOW

The Department of Treasury is shipping out nearly 26,000 unclaimed property checks today, totaling $4.4 million. State Treasurer John Schroder says the checks are real, so take it to the bank.

“If you have a check, cash it. Over 20 percent of these checks get returned back to unclaimed property. A lot of people don’t believe it’s a real check but it is. If you have any questions you can call the Department of Treasury.”

Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities, and insurance proceeds to the Treasurer’s Office. Schroder says the Department of Revenue shares its database of current addresses so that recipients have a better chance of receiving checks.

“The efficiencies of government and using technology to do it is a great example. And we’re constantly looking for ways to improve the systems but it’s good to see two departments working together for the good of the people.”

These funds include payroll checks, old bank accounts, utility deposits, and life insurance proceeds. Schroder says one in six individuals in Louisiana has “unclaimed property”, with claims averaging $900.

“I tell people if you go to the bank and the bank cashes it, you’re in good shape because it’s not necessarily coming out of your checking account it comes out of the Department of Treasury. So if the bank certifies the check, then it’s good. Go ahead and cash it.” 

To find out if you have unclaimed property, search LaCashClaim.org or call 888-925-4127.

Leave a Reply

Your email address will not be published. Required fields are marked *