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GENERAL INQUIRY FORM Icash Illinois
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People also ask
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What happens to unclaimed funds in Illinois?
The State Treasurer is holding 2.5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.
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What are the rules for unclaimed property in Illinois?
Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.
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How do I know if I have unclaimed money in Illinois?
For more information, or to see if you have any unclaimed property, visit https://icash.illinoistreasurer.gov/
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What is the dormancy period for unclaimed property in Illinois?
The general rule is that after a 3-year dormancy period the unclaimed property must be reported and remitted to the state. Some property types have different dormancy periods. For example, the dormancy period for payroll is one year.
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How do I contact Illinois unclaimed property?
Unclaimed Property Division Marine Bank Building. 1 East Old State Capitol Plaza. Springfield, IL 62701. Phone: 1-800-961-8303. Phone: 1-217-785-6998.
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Does Illinois pay interest on unclaimed property?
Unclaimed Property News Roundup 21, 2021, NBC 5 in Chicago reported on a class action lawsuit settlement affecting unclaimed property claims in Illinois. Under the settlement, the state will pay interest on unclaimed property held by the state and claimed on Aug. 22, 2017, or later.
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How long does it take to process unclaimed property in Illinois?
Typically, all claims are reviewed in the date order received by our office. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to our office during the time frame your claim was received.
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How do I find unclaimed money in Illinois for free?
For more information, or to see if you have any unclaimed property, visit https://icash.illinoistreasurer.gov/
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