Unclaimed Money in Maine
Escheatment is the legal process by which the state takes custody of property that is considered abandoned or unclaimed after a certain period of inactivity. For instance, bank accounts that have no activity or contact from the account holder for an extended period (usually five years) are deemed unclaimed.
Once a property is deemed unclaimed, businesses holding these assets—referred to as “holders”—are required by law to turn over the property to the Office of the State Treasurer. The property is then held in the state’s unclaimed property database, becoming searchable and claimable by the rightful owner or heirs. In Maine, like in many other states, this right of escheatment is exercised to prevent such assets from remaining in limbo indefinitely.
Looking for Unclaimed
Check to see how you can claim lost cash and property.
Looking for Unclaimed
Check to see how you can claim lost cash and property.
Searching unclaimed money with Moneybot
To begin your journey of reclaiming what’s rightfully yours, you can use MoneyBot5000, a tool designed to track unclaimed assets in your name. Follow the steps below to get started.Steps to search for unclaimed money in Maine
- Navigate to the MoneyBot5000 website.
- Enter your name, address, property number, and other relevant information in the search bar. Double-check these details as you may miss out on properties because of spelling errors. To try and ensure a detailed search, include any variations of your name, including maiden names, previous names, or common misspellings that could have been used in financial records.
- Browse through the search results to see if any property belongs to you. Look for any information listed that could relate to you, encompassing old bank accounts, uncashed checks, insurance policies, or wages.
- Move forward with the claiming process if you find any assets you can prove are yours.
By using this tool, your search is secure, helping ensure peace of mind as you seek out your lost or forgotten funds.
The process of claiming unclaimed money is generally straightforward.
Filing a claim
Visit the state site: Find your unclaimed property on MoneyBot5000 and then proceed to the state site to claim.
Submit claim form and documentation: You will be required to submit a claim form and provide relevant documents. These can include: proof of identity, like a government-issued ID, proof of ownership, like bank statements related to the property
After initiating a claim
Once you have identified unclaimed property that may belong to you and initiated a claim in Maine, the process moves forward through a structured workflow managed by the State Treasurer’s office. Here’s how the claim verification and processing sequence typically unfolds:
1. Claim review: The Maine State Treasurer’s office will first review your submitted claim to ascertain its validity. This involves ensuring that all required documents have been provided and match their records.
2. Verification: If the claim is deemed potentially valid, the office then verifies the rightful ownership of the unclaimed funds. This step may involve cross-referencing your submitted proof of identity and ownership with the information held by the state.
3. Communication: Throughout the process, the Unclaimed Property Division may reach out to you via email or other means to request additional information, clarify details, or update you on the status of your claim.
4. Approval or denial: After thorough verification, the office will make a decision. If your claim is approved, they will proceed to the disbursement stage. If denied, you will typically receive a notification explaining the reason and you may be given an opportunity to provide additional evidence or appeal the decision, if applicable
Key takeaways on claiming unclaimed money
You may have money and other assets belonging to you held by the state until you come forward to claim them. You can find such property through MoneyBot5000.This way, funds that may have slipped into the shadows of financial institutions or government agencies have the potential to be reclaimed by their rightful owners.Maine Department of Revenue - Unclaimed Property Division
Address
Office of the State Treasurer, Burton M. Cross Office Building, 3rd Floor, 39 State House Station, Augusta ME 04333-0039
Phone Number
207-624-7470
Start Your Unclaimed Money Search
You may qualify to claim missing money. Search now.
Looking for Unclaimed Money?
Check to see how you can claim lost cash and property.