Danville, Virginia Treasury staff to help citizens find missing money, unclaimed property

Southside Virginia News

DANVILLE, Va. (WFXR) — If you’re looking for some extra cash this summer, you may find it in the hands of the government.

The Virginia Department of the Treasury has given out millions of dollars through the unclaimed property program. You may not even realize you’re owed money, whether from insurance companies, utilities, or inheritance.

Through the “Unclaimed Property Virtual Call Event,” the treasury department will be working with citizens in Danville this week to help people find money that belongs to them so it can be sent to their address.

(Photo: Courtesy City of Danville)

From 10 a.m. to 4 p.m. on Thursday, June 3 and Friday, June 4, you can call 1-833-302-0704 to have staff members with the City of Danville Treasurer’s Office and the Virginia Department of the Treasury check your name for missing money.

During the last event — which was held in December 2020 — Treasury workers looked up more than 1,000 names over a two-day period, finding approximately $80,690.

“The State Treasury’s Unclaimed Property Division operates essentially as a centralized lost and found,” the City of Danville said in a statement announcing the event. “It handles unclaimed money and property turned over by companies when they have lost track of the rightful owner.”

According to officials, unclaimed property may be utility deposits, customer refunds, unpaid wages, money from insurance policies, securities and investments, bank accounts, and tangible property.

“Under Virginia law, any funds in dormant financial accounts must be turned over to the state government, which holds them in trust,” said Danville city officials. “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 City of Danville says the State Treasury’s Unclaimed Property Program is a consumer protection initiative meant to benefit citizens without charging them commissions or fees.

If you miss the virtual call event on Thursday or Friday, you can go to this website anytime and search under your name for unclaimed property. You will not be charged for searching for unclaimed property, either at community-outreach events or online.

However, watch out for fee-based unauthorized or unsolicited offers and make sure you’re working with an authorized state representative.

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