Are You in the Mood For a Treasure Hunt? Find Your Unclaimed Money in Alaska
Did you know that millions of dollars of unclaimed insurance money and unclaimed money from deceased relatives awaits its rightful owners somewhere in Alaska? No matter whether you are a sourdough or snowbird, you might be entitled to claim some of the property that’s gone missing in Alaska. If you want to check whether there is any unclaimed money under your name, learn how to search for it.
What Is Unclaimed Property?
Unclaimed property is any property whose rightful owner can’t be traced. When banks and companies can’t reach the owner, they leave the property untouched for a predetermined period—called the dormancy period—and then hand the property to the government. The assets end up in state treasuries and stay there until the owner makes a claim. There are billions of dollars in the lost property held in treasuries across the U.S. Some of it has been abandoned for years.
Unclaimed Money in Alaska
The Alaska Department of Revenue, Treasury Division holds all unclaimed property in the State of Alaska. Some people might expect to find around $100 of unclaimed money, while others have thousands of dollars without even knowing it.
What Constitutes Lost Money in Alaska?
The Alaska Department of Revenue handles different kinds of unclaimed property. The Treasury Division takes custody over the so-called lost money after the dormancy period, which is not the same for every type of property. Here are some examples with their respective dormancy periods:
|Type of Property||Dormancy Period|
|Gift Certificates||3 years|
|Credit Memos||3 years|
|Utility Refunds and Deposits||1 year|
|Life Insurance Money||2 years|
|Certificates of Deposit||5 years|
|Safe Deposit Boxes||1 year|
|Non-Bank Money Orders||7 years|
What you should know is that land, motor vehicles, and real estate can’t become unclaimed.
Why Does Property Go Missing?
Most of the time, a property becomes unclaimed because owners forget about it or are not aware of it. Here are some of the reasons why money gets lost:
- People forget to inform their bank about personal information change, such as the changes of address or phone number, and the bank can’t contact them
- A bank stops operating, and clients don’t collect the money from their accounts
- People don’t know how to find their lost assets
- Beneficiaries forget about their life insurance policies
- Potential inheritors are unaware that a deceased relative left them some money
- People move from place to place and forget about their old bank accounts
How To Search for Unclaimed Money in the State of Alaska by Yourself
Alaska residents mostly rely on the MissingMoney.com website to search for unclaimed property. One of the benefits of this service is that you don’t have to search by Social Security number. If you're on a quest for any unclaimed money under your name in Alaska, you can follow these steps:
- Go to the Alaska missing money page
- Enter your name or the name of your business
- Provide your address and middle name
- Click on Search
If you find any property under your name, you can make a claim to it. You will need to:
- Click on the Property number of the asset under your name
- Fill out the form—give information, such as your relationship to the property, your full name, contact information, and the date of birth
- Check whether you have filled out all the required fields
- Click on Review Claim
When you fill out the form, you will have to wait for several days or more to get a response from the Department of Revenue. Keep in mind that you should provide current and accurate information so that they can get in touch with you. In case you are the heir of the property, they might ask you to send additional documentation, such as the death certificate of the previous owner. You have 90 days to submit any extra documents they request from you.
Other Ways To Look for Lost Property in Alaska
If you want to look further for your unclaimed money, you can visit some of these websites:
- National Association of Unclaimed Property Administrators (NAUPA)
- Federal Deposit Insurance Corporation (FDIC)
- Pension Benefit Guaranty Corporation (PBGC)
- U.S. Courts Unclaimed Funds Locator
Reasons Why People Don’t Claim Their Money in Alaska
Most people are not aware that they have unclaimed money under their name stored in the Alaska Department of Revenue. Others have forgotten about the money they have and thus don’t look for it. Even when people know that they are entitled to some missing money, they deter from claiming it because they believe the process is difficult and complicated.
If you want to check whether you are the rightful owner of some money held in Alaska’s state treasury, don’t give up searching for it because of complicated procedures—use DoNotPay to find your unclaimed money in Alaska fast and easy!
Find Your Unclaimed Money in Alaska in an Instant With DoNotPay
Searching for lost property on your own can be nerve-wracking and time-consuming. If you don’t want to spend hours rummaging through various websites and filling out claim forms, use DoNotPay to save your time!
DoNotPay is an award-winning app that can help you find your unclaimed money in a matter of minutes. All you need to do is:
- Log in to DoNotPay in any web browser
- Choose the Missing Money option
- Provide your personal information
- Add your middle name and previous addresses
We will check out various federal and state databases for you. If the results show that you are the rightful owner of unclaimed property, you can use our Claim My Property feature. We will make a claim for that property on your behalf, so you won’t have to deal with daunting bureaucracy!
DoNotPay Can Help You Tackle Many Other Tasks
With DoNotPay, you can find your unclaimed property anywhere in the U.S., including Texas, Vermont, Alabama, Oregon, California, Missouri, Maryland, Oklahoma, West Virginia, and others. You can also use DoNotPay to check out unclaimed money reviews and protect yourself from scammers.
If you often fly to Alaska, check out the Alaska Airlines refund policy. In case the company owes you a refund, you can request it via DoNotPay in a few steps.
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