PROVIDENCE, R.I. (AP) - Rhode Island’s treasurer says $1.4 million in unclaimed property will be returned to about 4,000 people.
Treasurer Seth Magaziner says his office automatically sends checks to many people listed in the unclaimed property database through an initiative called “Your Money.”
Unclaimed property can include money left in old bank accounts and safe deposit boxes, uncashed paychecks, unused gift certificates, unreturned utility deposits, uncollected insurance payments and forgotten stocks and dividends.
Since the initiative launched in November 2017, Magaziner says more than $17 million has been returned to about 52,000 people. He says much of it has been returned automatically, without the need for paperwork.
Magaziner says residents can visit the office’s website to see if the state is holding their unclaimed property.
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