February 1st is Unclaimed Property Day in Michigan

The Michigan Department of Treasury is the custodian of assets and works that get abandoned or forgotten by residents. To spread awareness so that individuals may reclaim lost assets, Gov. Gretchen Whitmer has declared February 1st, Unclaimed Property Day.

The unclaimed properties that individuals can inquire about include dormant bank checks, valuables left in safe deposit boxes, stock certificates, and uncashed checks. 

The process for recovering you or a relative’s assets is free. According to the National Association of Unclaimed Property Administrators, more than $2.87 billion dollars in unclaimed property was returned in 2021. In Michigan, nearly $137 million was returned to their rightful owners. 

To find out if you have unclaimed property, you can visit Michigan’s Unclaimed Property website to search for a specified name. Or you may call (517) 636-5320 between 9 a.m. and 2 p.m. Monday – Friday.

Reporting for WGRT – Choze Powell