DANVILLE, Va. (WFXR) – The Treasurer’s Office in Danville and the Virginia Department of Treasury wants to help residents of the River City find money that might be owed to them.
Together, they will hold an unclaimed property virtual call event on Thursday and Friday, Dec. 3-4.
The purpose of the event is to help local citizens find funds that they might be owned that they don’t even know about.
Last year, treasury workers came to Danville for two days and during that time, they looked up 280 names. Over half of them (152) ended up finding money that totaled $82,798.56.
This year, the event will be done virtually.
On Dec. 3 and 4, Danville residents can call 1-833-302-0704 between the hours of 10 a.m. and 4 p.m. to have staff check their name for missing money.
The State Treasury’s Unclaimed Property Division operates essentially as a centralized lost and found by handling unclaimed money and property turned over by companies when they have lost track of the rightful owner.
Unclaimed property can include utility deposits, customer refunds, unpaid wages, money from insurance policies, securities and investments, bank accounts, and tangible property.
In Virginia, the law indicates that any funds in dormant financial accounts must be turned over to the state government, which holds them in trust.
Examples of dormant accounts include a company that sent a check but was never cashed or perhaps a loved one who died with money he or she never collected.
The State Treasury’s Unclaimed Property Program is a consumer protection initiative to benefit citizens – no commissions or fees will be charged.
Citizens can also visit vaMoneySearch.org any time and search for their name to see if they have any unclaimed property.
There is no charge for searching either at community-outreach events or through the website above.
Consumers should be advised of fee-based unauthorized or unsolicited offers and make sure they are working with an authorized state representative.
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