Most Active Stories
- WCBE Presents Scott Miller Live From Studio A Fri. July 11, 2014 @ 2PM!
- ACLU Asks Prisons Department To End Contract With Food Company
- What Choice Of Cleveland To Host 2016 RNC Means For GOP And Ohio
- Ohio Veterans Urged To Take Advantage Of Bonus
- Second Teen Charged In Connection With South Linden Slaying
Wed October 3, 2012
Unclaimed Funds Payouts Increase
There’s been a big increase the past year in the number of Ohioans who’ve claimed long-forgotten checking or savings accounts, uncashed checks or insurance policies, and forgotten utility or rent deposits.
The number of people who’ve been re-united with their unclaimed funds has shot up more than 27%...although the total amount of money paid out has remained stable. Statehouse correspondent Bill Cohen asked Ohio Commerce Director David Goodman to explain the paradox. His answer? Many BIG claims have already been paid, leaving mostly smaller ones unclaimed:
That’s Ohio Commerce Director David Goodman, whose agency oversees the Division of Unclaimed Funds. He acknowledges that in many cases, the people who are owed money have died, but he stresses --- their heirs can collect the unclaimed money.