Welcome to Alaska's Unclaimed Property Program
Have you ever wondered what happens to bank accounts that are never closed but have been inactive for several years? Have you ever wondered if you picked up the utility deposit from your first apartment? Did you receive your last pay check from your summer job in 1990? Can you positively state that you have received and cashed all medical insurance reimbursements throughout the years? If these questions make you wonder, read on to find out if you have unclaimed property somewhere in the United States.
General Dormancy Periods
Alaska's Unclaimed Property Act (AS 34.45) requires businesses (profit and non-profit) and governmental agencies to file unclaimed property reports with the Department of Revenue. Negative or zero reports are not required in Alaska.
Unclaimed property is any intangible amount owed or held by an organization that remains unpaid, uncashed or has no evidence of positive owner activity for an extended period of time. Most property is considered abandoned after three years.
The State of Alaska does not charge for the return of unclaimed property. It is very easy to search for unclaimed property for yourself, family, and friends.
The State of Alaska also holds unclaimed property for profit and non-profit organizations such as retail stores, churches, local governments, communities, associations, clubs, restaurants, financial institutions, etc.
- 1. Search the “only legitimate” free website for unclaimed property www.missingmoney.com (You are at the wrong website if you are asked to pay a fee to search for unclaimed property.)
- 2. You should contact unclaimed property offices in the states where you have lived.
- 3. Call, email, or write to our office:
- a. Email: firstname.lastname@example.org
- b. Phone: (907) 465-3726
- c. State of Alaska, Unclaimed Property
PO Box 110405
Juneau, AK 99811
- 4. Review old tax records, and personal files for accounts you may forgotten about.
- 5. Stocks, mutual funds, and other long-term investments are often reported as unclaimed property.
If you have been contacted by a fee finder try to locate your property on your own before signing a contract. A fee finder service is not needed to claim your property.
Unclaimed property does not include overpaid contributions by employers to the unemployment compensation fund, real estate, vehicles or most tangible property. Contents of a safe deposit box is the only tangible property that is reportable.
Unclaimed property includes:
- Bank accounts
- Uncashed checks such as payroll, insurance payments or travelers checks;
- Utility and/or phone company deposits
- Safe deposit box contents
- Insurance proceeds
- Stocks, bonds and mutual funds
- Gift Certificates and Gift Cards
Abandoned property is turned over to the Department of Revenue from many sources including banks, credit unions, corporations, utilities, insurance companies, governmental entities and retailers throughout the United States.
DO NOT SUBMIT NEGATIVE OR ZERO DOLLAR REPORTS
The National Association of Unclaimed Property Administrators' (NAUPA) website http://www.unclaimed.org/ contains information about each state's unclaimed property laws as well as a listing of states that have searchable databases.
To find out if you or your business has unclaimed property go to http://www.missingmoney.com