State Fair Found Money Totals are in: Nearly $186,000 Returned to Rightful Owners

Some N.C. State Fair goers went home with more than just great memories. NCCash.gov was set up for the entire run of the fair in the Kerr Scott Building for anyone to stop by and see if they had any unclaimed property. By the final fireworks on Sunday night, 488 fairgoers had found $185,796. If anyone missed out, you can always check out the website at home to see if you have any missing money.

Under state law, NCCash.gov is currently safeguarding nearly $1.4 billion in funds that are escheated, or turned over, to DST. The money is awaiting return to the rightful owners after being lost, misdirected or overlooked. It represents 24 million properties statewide, and more than 27.5 million owners are associated with those properties.

Unclaimed assets consist of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds and contents of safe deposit boxes that have been abandoned.

Unclaimed property can result from a person or entity forgetting that they are due money. People might change residence and forget to provide a new address. It also could result from a typing error in a house number or zip code in an address, a name change, or data loss from a business converting its computer system. As society becomes more mobile and steadily moves to electronic transactions, the risk of having unclaimed property has increased.

^{Fairgoers check to see if they have any unclaimed property}

Related Topics: