State Treasurer Rich Sattgast encourages attendees at this year’s South Dakota State Fair in Huron, August 30- September 3, to visit his staff for possible lost money that may be owed to them. The State Treasurer will have a booth where the public can search the Unclaimed Property database. The database contains records of millions of dollars held by the State Treasurer and waiting to be reclaimed by their rightful owners.
Unclaimed property refers to accounts in financial institutions and companies that have had no activity or contact with the owner for a year or longer and can include savings or checking accounts, uncashed payroll checks, refunds, security deposits, stocks and life insurance policies. The state holds the money in a custodial capacity until the money can be returned to the rightful owners.
Currently, the Unclaimed Property Division is holding over $552 million in unclaimed funds. The State Treasurer has returned over $1.9 million to the rightful owners since the beginning of the current fiscal year in July.
“The goal is to put money back into the hands of South Dakotans,” Treasurer Rich Sattgast said. “That money ultimately makes its way into our economy which is good for our state.”
Specialists in the Unclaimed Property Division of the Treasurer’s Office will be available during the South Dakota State Fair. Residents who are unable to attend the event can search the database online at http://www.sdtreasurer.gov/
(SD State Treasurers Office)