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Millions in unclaimed property owed to area residents

2 min read
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Nearly $60 million in unclaimed property is owed to residents of Fayette, Greene and Washington counties. A quick online name search will let anyone check to see if they’re among those with cash out there waiting.

State Treasurer Stacy Garrity, whose office maintains Pennsylvania’s unclaimed property database, is responsible for returning funds from dormant bank accounts, uncashed checks, forgotten stocks and insurance policies.

“The average claim is worth $1,600, and that could really make a difference, especially in today’s economy, for families trying to make ends meet. I encourage everyone to search treasury’s website to see if they or someone they know has property waiting,” Garrity said in a release.

At patreasury.gov/unclaimed-property, residents can enter their names and see if they are owed any funds. The process to claim funds can also be completed online.

Nearly $35 million is owed to Washington Countians, and $4.7 million is unclaimed in Greene County .In Fayette County, there is $19.6 million owed to residents.

In 2022, the treasury returned more than $211 million in unclaimed property, and more than $4 billion remains unclaimed throughout Pennsylvania.

Unclaimed property can also include tangible property, such as jewelry or other valuables stored in abandoned safe deposit boxes. Tangible property may be auctioned by the treasury after three years of trying to locate the rightful owner. All auction proceeds are available in perpetuity for the rightful owner to claim.

The treasury often receives military decorations and memorabilia as unclaimed property, usually from safe deposit boxes, and works to find the veterans who earned them or their families. Military decorations and memorabilia are never auctioned.

About 500 military decorations remain in treasury’s vault, including those belonging to residents in Washington or Greene counties. No Fayette County residents are listed in the database.

To check that database, visit patreasury.gov/unclaimed-property/medals.

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