Oregon to return $10 million in unclaimed funds

SALEM Ore. (KPTV) – Roughly $10 million in unclaimed funds will be returned to Oregonians, State Treasurer of Oregon Tobias Read announced Friday.

The return of unclaimed funds is part of Oregon’s 2024 ‘Checks Without Claims’ initiative.

“We’re thrilled to reconnect thousands of individuals with their unclaimed funds without requiring any action on their part,” stated Treasurer Read. “In addition to collecting and safeguarding Oregonians’ unclaimed property, Treasury is committed to returning these assets and helping to bolster our citizens’ financial well-being.”

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According to the Oregon State Treasury, the ‘Checks Without Claims’ initiative aims to proactively distribute payments to over 25,000 verified owners of unclaimed property reported to the state’s Unclaimed Property Program in 2021 and 2022. Payments will be issued via check and mailed out this month.

In 2023, the Treasury says more than 18,000 individuals from Oregon and 47 other states had unclaimed funds returned.

Nearly one in seven people in the United States has unclaimed property. Currently, Oregon is holding over $1 billion in unclaimed funds in the form of uncashed checks, forgotten bank accounts, tax refunds, credit balances, investment accounts, payroll checks, refunds, and more, according to the State Treasury.

Oregonians can search for unclaimed funds by visiting unclaimed.oregon.gov.

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