8,000 Rhode Islanders with To
Be Reunited With $1.3 Million
RI Treasurer Seth
Magaziner announced that checks will be mailed to more than 8,000 Rhode
Islanders this week under his new YOUR MONEY program, which automatically
reunites Rhode Islanders with their unclaimed property.
"For hard-working Rhode
Island families, a little extra cash can make a big difference," said
Treasurer Magaziner. "Through the YOUR MONEY initiative, we are now able
to efficiently reunite many Rhode Islanders with missing money that is
rightfully theirs."
Treasurer Magaziner's YOUR MONEY
initiative matches unclaimed property lists with known addresses, which means
that for thousands of people, their missing money can be returned to them
automatically - with no paperwork required.
In the past, every resident had to check the state's online database to see if they have unclaimed property and then submit a claim form.
In the past, every resident had to check the state's online database to see if they have unclaimed property and then submit a claim form.
"For some people, the first time they realize they are missing money will be when they open their mailbox and see a YOUR MONEY check in their name."
The launch of the YOUR MONEY
program last fall made Rhode Island only the second state in the country with a
system to automatically reunite residents with unclaimed property.
In 2017 the YOUR MONEY program
automatically matched more than 35,000 Rhode Islanders with about $10 million
of their missing money. This week's round of checks is the first to go out
through the YOUR MONEY program in 2018.
The Treasurer's Office will
continue working to return unclaimed property to its rightful owners, as
the YOUR MONEY automatic return system only covers Rhode Islanders
whose current addresses are easily identifiable.
While YOUR MONEY will
automatically reunite thousands of people with their missing money, all Rhode
Islanders are encouraged to visit findRImoney.com
to see if the State is holding unclaimed property that it rightfully theirs.