Treasurer Williams offering ‘virtual’ unclaimed property event

Published 10:00 am Thursday, October 17, 2024

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City Treasurer Ronald H. Williams will once again be partnering with the Virginia Department of the Treasury’s Division of Unclaimed Property to help Suffolk residents determine if, and how much, money they are owed.

Williams announced in a press release that on Thursday, Nov. 14, Suffolk residents will be able to call the Division of Unclaimed Property at 1-833-302-0704 from 10 a.m. to 4 p.m. where they can be personally assisted. In a statement, Williams says he worked with the Division to get the special time set for Suffolk residents to call and find potential funds due to them.

“I have had them out at the Peanut Fest many times over the years, in addition to hosting them at City Hall and the North Suffolk Library for citizens to search for unclaimed property,” Williams said.

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This will be the fifth consecutive year Williams has hosted the event. Chief Deputy Treasurer Andrew Owen detailed various sources and forms that unclaimed property can come in, including “unpaid wages, security deposits, insurance policies, utility deposits and refunds,” as well as “old, forgotten about bank accounts.” The press release also details that a move or name change can also be the reason funds remain unclaimed, and while the exact amount of unclaimed property will vary each year, Virginia’s unclaimed property balance is presently over $1 billion. Likewise, there is no cost, risk or obligation to search for unclaimed property.

“We’re proud to support this initiative that returns money to the citizens”, Owen said in a statement.

Williams also detailed that residents received an invitation to participate in the event with their personal property tax bills delivered in early October. He also notes that residents can search for free any time at www.vamoneysearch.gov.

“There are many people who are facing financial hardships right now, and I wanted to make them aware of this great opportunity,” Williams said. “This program has returned hundreds of thousands of dollars to Suffolk citizens that they were unaware they were owed.”