BUSINESS + ECONOMY

Program sends unclaimed money back to Utahns automatically

Nov 1, 2023, 6:00 PM

gold coins pictured, these are part of the unclaimed money in utah...

FILE: Tens of thousands of dollars in gold coins are part of unclaimed properties at the Utah Unclaimed Property Division office in Salt Lake City on Thursday, Feb. 3, 2022. (Kristin Murphy/Deseret News)

(Kristin Murphy/Deseret News)

 SALT LAKE CITY — There’s a new way to get unclaimed money if you live in Utah. Utah Treasurer Marlo Oaks and the Utah Unclaimed Property Division announced a new program for unclaimed property this week. 

In the past, Utahns had to search for their name on the state’s official website for unclaimed property.  If their name was on the list, they’d file a claim. 

But with the new MyCash Now program, people owed $2,000 or less can sit back and wait for the check to come in the mail.

“More money will be able to get back into rightful owners hands with less hassle, less fraud,” Oaks told KSL NewsRadio.

A bill passed in the 2023 Utah Legislative Session allowed the state to put this program together. It works by the Utah Tax Commission and the Unclaimed Property Division securely passing information between each other.

How does Utah’s new unclaimed money program work?

If you have a dormant bank account or unclaimed insurance check the division will notify you through the mail. The division will ask you to verify your personal information. They’ll send you a check if the information is correct and an agency or company owes you $2,000 or less.

But if an agency or company owes you more than $2,000, you’ll have to file a claim to get your money.

If you are owed money and you have moved, contact the  Utah Unclaimed Property Division with proof of your new address and they’ll forward the check to your new address.

Keep reading: 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Business + Economy

A newly implemented city regulation in Washington DC is making the city and childcare even more exp...

Devin Oldroyd

New law raises Washington DC childcare cost and affects childcare staff

A newly implemented city regulation in Washington DC is making the city and childcare even more expensive and unsustainable for families.

6 hours ago

Financial technology, or FinTech is a new minor offered at the University of Utah. This year, they ...

Josuee Sanchez

First group of FinTech grads complete classes at the U

FinTech grads will fill roles in businesses that include digital banking, blockchain technology, and artificial intelligence.

9 hours ago

housing in rural utah...

Heather Peterson

New report explores similarities and differences in rural and urban Utahns

Researchers analyzed Census data, which showed that people in Utah’s urban and rural communities shared surprising similarities.

11 hours ago

a utah child care provider and several children...

Amanda Dickson

Dickson: A look inside the child care crisis

You've heard about the child care crisis in Utah. Parents can't afford child care. Child care workers can't afford to live on what they make.

1 day ago

Rural wildlife firefighters, "Hot Shots"...

Michael Camit

Utah is struggling to retain its rural ‘Hotshots’

Filling jobs of rural wildlife firefighters can be difficult due to the cost of living according to the Utah Division of Forestry, Fires and State Lands.

4 days ago

A car is filled at a gas pump in Sandy on Tuesday, March 19, 2024....

Adam Small

Experts predict record number of drivers, lower Memorial Day gas prices

Experts have predicted that 43.8 million people will travel this weekend. They could experience lower gas prices.

4 days ago

Sponsored Articles

a doctor putting her hand on the chest of her patient...

Intermountain Health

Intermountain nurse-midwives launch new gynecology access clinic

An access clinic launched by Intermountain nurse-midwives provides women with comprehensive gynecology care.

Young couple hugging while a realtor in a suit hands them keys in a new home...

Utah Association of Realtors

Buying a home this spring? Avoid these 5 costly pitfalls

By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.

a person dressed up as a nordic viking in a dragon boat resembling the bear lake monster...

Bear Lake Convention and Visitors Bureau

The Legend of the Bear Lake Monster

The Bear Lake monster has captivated people in the region for centuries, with tales that range from the believable to the bizarre.

...

Live Nation Concerts

All the artists coming to Utah First Credit Union Amphitheatre (formerly USANA Amp) this summer

Summer concerts are more than just entertainment; they’re a celebration of life, love, and connection.

Mother and cute toddler child in a little fancy wooden cottage, reading a book, drinking tea and en...

Visit Bear Lake

How to find the best winter lodging in Bear Lake, Utah

Winter lodging in Bear Lake can be more limited than in the summer, but with some careful planning you can easily book your next winter trip.

Happy family in winter clothing at the ski resort, winter time, watching at mountains in front of t...

Visit Bear Lake

Ski more for less: Affordable ski resorts near Bear Lake, Utah

Plan your perfect ski getaway in Bear Lake this winter, with pristine slopes, affordable tickets, and breathtaking scenery.

Program sends unclaimed money back to Utahns automatically