The Scoop on Florida Unclaimed Money
Can you earn some extra cash without having to count on luck too much? One out of ten Americans rightfully owns abandoned assets without knowing it.
If you’d like to find out whether some of the unclaimed money in Florida belongs to you, search for and claim it in under five minutes with DoNotPay.
What Is Considered Unclaimed Money in FL?
When banks and other institutions can’t find the owner of assets for a certain period (one to five years), the funds become unclaimed. Once this time passes, the government takes the money for safeguarding. In the Sunshine State, these assets go to the state school fund for public education until the rightful owner or heir shows up.
Billions of dollars in the U.S. are considered unclaimed, and around one billion is located in Florida! Each year, around $300 million are given back to their rightful owners. The chances you are among them are high. You only need to check!
Types of Unclaimed Money in the State of Florida
Different types of property can be considered unclaimed in Florida. Take a look at the table below for a brief overview:
|Unclaimed Property in Florida|
The government holds tangible property found in safe deposit boxes for two years. If a rightful owner doesn’t show up, the items are put for sale at an auction. Other abandoned assets do not have a time limit to be claimed and returned to their owners.
Lost Money in Florida—How Does It Go Missing?
Owners can lose their assets in numerous situations. These are the reasons for money to go missing:
- Improperly processed refunds
- Death of the account holder
- Forgotten bank accounts
- Address changes without notifying the institutions
- Other bank failures
- Job changes and employees not claiming the last paycheck
People generally don’t claim their money because they don’t know about it, and that is understandable.
With the information we provided you with, you shouldn’t feel discouraged about embarking on this journey, especially because DoNotPay makes it so easy.
If you are among the people who believe the process of finding unclaimed money is overwhelming, you should try using our app. We can locate abandoned assets under your name in minutes.
How To Find FL Unclaimed Money With DoNotPay
DoNotPay is at your disposal to find abandoned funds that belong to you.
The best part is that you won’t have to trouble yourself with separate state searches if you lived in more than one state—we have all the info in one place. Find out if there are some funds in Florida waiting for you to claim them by following these instructions:
- Access DoNotPay from a web browser
- Locate and select the Missing Money feature
- Type in the requested personal information
You can type in the middle name and addresses you used to reside at for a narrowed-down search. If there is a match, we will submit the claim on your behalf immediately.
How To Find Unclaimed Money in Florida on Your Own
If you choose to look for unclaimed money in Florida by yourself, you can do so online. The process is somewhat more complicated than the DoNotPay one. Here is what you’ll need to do:
- Visit the Florida Department of Financial Services website
- Click on the Start Your Search button
- Enter your first and last name in the provided fields
- Add your nickname or maiden name for better results
- Click on the I’m Not a Robot button
- Select Search
If you find a match, select the account and follow further instructions to claim your money in Florida.
How Can You Avoid Unclaimed Money Scams?
Money scams are a present problem in all fields, including unclaimed funds. Scammers are looking for people who don’t know all the rules and regulations of claiming abandoned funds. How do you know if unclaimed money discovery is legit and whether you’re dealing with a scammer? Take a look at these helpful examples:
- Someone is claiming you need to act fast with claiming your money or it will end up abandoned—You normally have an unlimited time to get your money
- You are asked to pay a fee for the services of this type—Getting your money back does not cost anything
- You don’t see any valid connection between the company and an official government institution—If they cannot prove they are a legit source, you shouldn’t bother to deal with them
DoNotPay also has some useful unclaimed money reviews that can help you avoid scams.
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