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CBS/ June 8, 2010, 1:49 PM

More Missing Money!

Patrick Baz/AFP/Getty Images

Last week "The Early Show" told you about two very useful websites that can help Americans find $33 billion in unclaimed cash. We got such a huge response to that segment that we decided to bring back CBS News Business and Economics Correspondent Rebecca Jarvis, who has uncovered more methods for finding cash that is owed to you.

Missing Money: Where and How to Recover It

For people who didn't see the original segment, the two sites are MissingMoney.com and Unclaimed.org. They're linked up to the state treasury departments across the country that track unclaimed money. Examples of unclaimed money can be old bank accounts you forgot about; stock dividends; insurance refunds; annuities, customer overpayments, and more.

You search your name and the states you've lived in. If your name appears, you'll need to fill out a form with more personal information, including your social security number, and send in your claim to receive the cash. It varies from state to state, but you should receive your money within a few weeks.

"The Early Show" got a lot of great feedback, with people finding dollar amounts both big and small.

On "The Early Show" Facebook page, Melissa writes, "$10 dollars for me. LOL. A couple of family members found money also. Thanks for the website."

And on our website, we received the comment, "I just found $370! Thanks CBS!"

But perhaps the best measure of success, Jarvis said "The Early Show" reached out to the folks who run MissingMoney.com. On an average week they receive about 1.2 million searches and 21,000 claims. After our segment, the numbers spiked to 3.4 million searches and nearly 85,000 claims!

But there are more places to find lost money. Jarvis shared these additional resources:

For Pension Plans:

The Pension Benefit Guaranty Corporation has searchable database at PBGC.gov to determine whether you are owed any pension benefits if your pension plan no longer exists because it was closed or was taken over by the pension agency. You can search by name; by state; or even by company. Once you find your name you can make a claim online or over the phone. Currently, they're holding about $194 million dollars in unclaimed defined benefit pension plans.You can also can track down the benefits if you are a survivor of the person who should be receiving the pension.

For Your Federal Tax Refund:

Go to the IRS's website -- IRS.gov -- and click on "Where's my refund?" You'll need to provide your Social Security number, your filing status, and the exact dollar amount you're expecting. It will tell you whether the check has been sent or was returned undeliverable. If you've recently moved, you can update your address from there to have the check resent. Last year, the IRS had $123 million dollars in the form of 108,000 checks that came back undeliverable. The average undeliverable refund check was over $1,100 -- so again, we're talking about a lot of money.

Savings Bonds:
Any time you're asked to hold a piece of paper for 20 years before you cash it in, there is a good chance you will forget about it or lose it. But sitting on those bonds without cashing them in is like giving a free loan to the government. The best site to check on their status is TreasuryDirect.gov. If you think you have uncashed savings bonds in your name that are missing or lost, click on "Treasury Hunt." And for bonds issued after 1974, you can provide your social security number, or that of the person whose name it may be in, to find if there is a match. Then it will give you information and forms with instructions on how to claim it. And if you just want to see how much your savings bonds are worth, click on the Calculator to find out if they've matured, by entering the series number.
Copyright 2010 CBS. All rights reserved.
22 Comments Add a Comment
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alfromva says:
I found over $300.00 that I would have never known about. In the process of collecting the money from the state of PA. I never lived there, but they were holding an escrow account from a past home mortgage.
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Christine D. says:
I would like to thank you again, for the "Missing Money" segement. I was going to look up my deceased mother and father. I assumed, I would need their exact date of birth/death and SS number. While looking thru their papers, I found a Cashier's Check (made out to me) for #1734.58, dated 9-18-98. I took this to the local bank, and they were not much help, stating this check has expired. My comment to them "does the money go to never/never land?" I went to the bank, where the check was written, speaking with one of the head tellers. After a few minutes, she asked if she could copy and fax the check. She informed me, the check had been turned over to the State of North Carolina Treasury Missing Funds Department, October 2004. (This is where the Home office of the bank is). To make a long story shorter, I called the 900 number given. The next day I recieved a call, asking, where to mail the claim form! I immediately filled it out, mailed it back and last week, recieved MY CHECK for $1734.58!!! The whole process took only 4 weeks. Thank you MOM! And thank you EARLY SHOW!!!
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ImaGrandlaker says:
I am just curious. I was searching for missing money and clicked on a website for unclaimedpropertydatabase.org and they said that they confirmed I had unclaimed property, but the wanted a credit card number. So I immediately got off of their site and then I got a phone call from them wanting me to claim my unclaimed property for only $2.74 if I give them my credit card number and I declined again. Is this site legit? Would love to hear what others know.
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drthvader says:
I can't believe this is legitimate. Absolutely not a scam. I am owed $100.00. !! I am so greedy. :)
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philipnava says:
I received $182.32 from the state missing money website seen on channel 2.
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usconstitution1 says:
WHERE IS LAURA BUSH?????HELP!! DON?T MOVE TO TEXAS ITS JUST WHITE TRASH ELEPHANTS WHO WONT ALLOW YOU TO PUT YOUR CHILD?S ARTS AND CRAFTS, etc?ACTIVITIES IN THE WINDOW!! SOMETHING SUGGESTED IN EVERY SCHOOL DISTRICTS PTA BOOK!!! DISPLAY CHILD?S WORK PROUDLY!! I LOVE FAIR COMPETITION!!!!!!
MY BROTHERS FRIENDS ARE BIILIONAIRES!! 3.875 COLLEGE GPA, GRADUATE SCHOOL, YEARS, etc...
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SocialEvo says:
What a tangled web we weave.

--- Two short documentaries people should watch on the Youtube Channel TZMSocialEvolution: "Awakening" and "Our Technical Reality". What you do after that is completely up to you.

--- "We can't solve problems by using the same kind of thinking we used when we created them." -- Albert Einstein
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luvpudding says:
I found $30,000. No kidding. I found it on the NJ website for unclaimed assets on Jan.1st this year. Yes, when I first got a hit, there was no monetary amount and I had to wait almost two months to find out what it was. So what.
The people I've been working with in the State of NJ have been very helpful and I am very appreciative of their efforts to help me and my 89-year-old mother to access this money. What a God-send it is.
If the Moneywatch people want to contact me, I will share with them my method of search which is how I located this money. It's nothing fancy, but it's legal, tedious and, in Mom's and my case, rewarding.
I watched the segment this morning and saw this glaring oversight on how to search.
BTW, when I pulled away from the mailbox the afternoon I opened the envelope from NJ with the amount of 30K stated....I hit the curb, parked the car and just sat and stared. My banking account looked like Mrs. Hubbard's cupboard at the time.
I do believe that the state of NJ will take 15% inheritance tax from the amount. The assorted fees are about $350.
I thank the media for routinely reminding the public that there's money out there for us.
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Comminsense replies:
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Copngrats to you and your mom! I bet that was a GREAT day!
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sse59 says:
As always, beware. I have been following up today on my name, as well as that of my sister in another state. While there is apparently something available to both of us, there is no dollar amount available. As I printed out and read the forms that need to be filed with the Office of Unclaimed Funds in NY through the Comptroller's office, they are requesting proof that will tie me to the old address. That I understand. They also are requesting date of birth and SS number. Both written and phone directions state that should you not provide this info, while they are not required, they could increase processing time or possibly result in denial. While I would love to follow up on this, I am very reluctant to release this info given the identitiy theft age that we all live in now. Has anyone else had a similar finding. Any good or bad luck?
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pragmatist1 says:
You might want to have a disclaimer for at least the one website "www.missingmoney.com", since not all states participate in this. My state, Illinois doesn't participate, although they have their own page on their page, "cash dash". I also know someone who the IRS refuses to allow to refile their tax return; seems the former spouse skipped the U.S. and the check is made out jointly to them, but the IRS refuses to allow the divorced individual a refile as head of household so they can at least get half of the return. The IRS isn't being fair or very helpful in this situation. So, I wonder how much of the unclaimed tax refunds they like to talk about fall into categories where the IRS refuses to cooperate and help the taxpayer?
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