More than 40,000 Pennsylvanians will find out this week if they’re owed unclaimed money or property through the state’s “Money Match” program, Treasurer Stacy Garrity announced Wednesday. Checks are expected to start arriving in June, according to CBS.
The Money Match program allows the Pennsylvania Treasury to automatically return unclaimed property valued up to $500 to the rightful owner after verifying their identity. Before this program, residents had to search for and claim property themselves.
“If you receive a Money Match letter, read it and keep it,” Garrity said in a news release. “About 45 days later, your unclaimed property will arrive in the form of a check from the Pennsylvania Treasury Department, so make sure you cash the check!”
Since the letters are going out this week, checks are expected to arrive by around June 22, as per CBS.
This is the second round of payments under the program. In the first round, about 8,000 checks were sent out, totaling nearly $2 million.
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The Pennsylvania Senate unanimously passed Senate Bill 24 last year, allowing automatic returns of some unclaimed property. “I saw some other states were doing it and I’m like, well, why aren’t we doing this?” Garrity told CBS News Philadelphia in March.
Unclaimed property can include money from old bank accounts, uncashed checks, forgotten stocks, insurance payouts, or items from abandoned safe deposit boxes. Pennsylvania is currently holding over $5 billion in unclaimed property, with the average claim worth more than $1,000, reported CBS.
Money Match automatically sends checks for amounts up to $500 with a single owner. For property with multiple owners or worth more than $500, people still need to file a claim. To check if you’re owed money, visit the Pennsylvania Treasury’s website.
2025-05-09T14:56:13Z