State Treasury Returns $6 Million to Mississippians
Treasurer David McRae today announced the Mississippi State Treasury has returned $6 million in unclaimed property since he took office in January via more than 2,200 claims. Included in this figure is the more than $1.7 million that has been distributed during the COVID-19 pandemic – a meaningful economic stimulus amid the pandemic-related shutdown.
“Unclaimed property is not the state’s money,” said McRae. “It’s your money, and we’re committed to returning it as quickly as possible. We are thrilled to have infused $6 million into Mississippi’s economy already, but there is plenty more that remains unclaimed. As such, I am encouraging every Mississippian to check our database at treasury.ms.gov.”
Unclaimed property is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury’s Unclaimed Property Division is charged with finding the owner and returning the money.
Searching for unclaimed property is easy. Just visit treasury.ms.gov, enter your name in the search box, and click go.