Alabama Unclaimed Money
http://www.alabama-unclaimed-money.com/
The official site for Alabama unclaimed money and property describes how the unclaimed property law works in Alabama.
How the law works:
Briefly, this describes the law regarding abandoned property and how you can claim it:
- When a financial institution holds your money in an account, and there has been no activity, or you have not communicated regarding the account (in most cases) for at least five years, the institution presumes it is abandoned. At this point the institution turns it over to the State Treasurer who acts as custodian of that money.
- The owners’ names are advertised in newspapers in the county of their last known addresses. If you can establish ownership you may reclaim your money from the Unclaimed Property Division.
- The quickest and easiest way to recover money you may have forgotten is for you to review our Unclaimed Property procedures, search your memory, discuss it with your family and re-create your financial history.
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It is our opinion all users should search for unclaimed money at least once per year as millions are added to the fund yearly.
Many state websites change addresses so often, it is sometimes difficult to find the correct site to search.
To ensure you are searching the official Alabama unclaimed money site, this site recommends utilizing the lifetime membership of unclaimedmoney.net. You will find a video explaining why all unclaimed money sites are not created equal. This site may be accessed via this alabama unclaimed money website.
