Montana Unclaimed Property Up for Grabs

PRLog (Press Release) - Nov 07, 2009 -
Helena, Montana MT - The unclaimed money pile had reached almost $21 million in the state of Montana at last estimate. This is hardly surprising for those who are following the trail and volume of unclaimed money and property across the country. Montana is a custodial state and holds unclaimed property on behalf of the owners.

The uncashed money pile in Montana can be attributed to the following sources and reasons - uncashed checks, drafts, state warrants, uncashed payroll checks, utility deposits, interest dividends or income, savings and checking accounts, safe deposit box contents, credit balances, customer overpayments, gift certificates, unidentified remittances, stocks, bonds and uncashed coupons.

The dormancy periods for most types of assets range from 1 to 5 years, but can be longer in certain cases. Montana law concerning the unclaimed property, also called Montana escheatment, requires that the businesses report the possession of any unclaimed property to the Department of Revenue.

The Montana Department of Revenue handles the state’s unclaimed property which includes such items as uncashed checks, state refunds, uncashed payroll checks, utility deposits, interest or dividend income, savings and checking accounts, safe-deposit box contents, credit balances, customer overpayments, gift certificates, unidentified remittances and stocks and bonds.

By law, the Montana Department of Revenue must publish notice of abandoned property (except information concerning traveler's checks, money orders, or similar instruments) valued at $50 or more by November 30 of the year following the year in which the abandoned property has been paid or delivered to the Department in a newspaper of general circulation in the county in Montana in which the last-known address of any person named in the notice is located.

The Montana Department of revenue can assist you in the search for unclaimed property. You can visit their website (www.mt.gov/revenue). The department will conduct a search for you. You can also utilize the vast database of www.cashunclaimed.com covering almost all the states. CashUnclaimed also has a patent pending Name Match technology, which makes the search for unclaimed cash much easier for the majority of Montana.

Cashunclaimed.com is one of the largest databases for Montana state unclaimed money in the world. Our current database lists billions of dollars in unclaimed money, property, accounts and assets from all 50 states and several Federal agencies that could belong to you. There are millions of people who are owed MT state unclaimed money and they don't even know it!  Conduct your free search for MT Unclaimed money today!