Treasurer Tobias Read announced Treasury’s plan to return approximately $10 million in unclaimed funds as part of the “Checks Without Claims” initiative.
Through “Checks Without Claims”, Treasury will return unclaimed funds to individuals over the course of three phases in the first half of 2023.
In February, the first phase will disburse payments to verified owners of unclaimed funds reported to the state in 2018.
In April, the second phase will disburse payments to verified owners of unclaimed funds reported to the state in 2019.
In June, the third phase will disburse payments to verified owners of unclaimed funds reported to the state in 2020.
Individuals identified as the owner of unclaimed funds currently held by Oregon’s Unclaimed Property Program will be notified via letter from Treasurer Read a month prior to payment if they are part of the “Checks Without Claims” initiative. Payments, via check, will be mailed to individuals and accompanied by an additional confirmation letter from the Treasurer.
Common examples of unclaimed property include uncashed checks, forgotten bank accounts, tax refunds, credit balances, investment accounts, payroll checks, refunds, and more.
Typically, individuals need to file a claim with Oregon’s Unclaimed Property Program and complete the verification process to receive the funds they are owed.
More information about “Checks Without Claims” is available online at unclaimed.oregon.gov/checks-without-claims. Questions about unclaimed funds or “Checks Without Claims” can be directed to Oregon’s Unclaimed Property Program via email [email protected] or phone at 503-378-4000.
