Treasury staff help Danville citizens find more than $100,000 in unclaimed property

Southside Virginia News

DANVILLE, Va. (WFXR) — During an unclaimed property virtual call event last week, staff members from the Virginia Department of the Treasury helped Danville residents find more than $100,000 in missing funds.

During the event on Thursday, June 3 and Friday, June 4, Danville officials say Treasury workers looked up 542 names and discovered a total of $103,230.91.

This unclaimed property event was held in partnership with the City of Danville’s Treasurer’s Office, which already plans to hold the event again on Dec. 1-2.

“The State Treasury’s Unclaimed Property Division operates essentially as a centralized lost and found. It handles unclaimed money and property turned over by companies when they have lost track of the rightful owner,” the City of Danville said in a statement on Monday, June 7. “Unclaimed property can include 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. 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.”

City officials say the State Treasury’s Unclaimed Property Program is a consumer protection initiative meant to benefit citizens without charging any commissions or fees.

If you missed last week’s virtual call event, 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.

Officials continue to warn consumers to watch out for fee-based unauthorized or unsolicited offers and make sure they are working with an authorized state representative.

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