Pierre, SD – State Treasurer Rich Sattgast returned nearly $16 million in unclaimed funds this fiscal year. That figure is up $5.6 million from 2014 when the state returned $10.1 million in unclaimed property.
Unclaimed property refers to accounts in financial institutions, businesses and government agencies that have had no activity for three years or longer. The State of South Dakota acts as the custodian of lost property until it can be returned to the rightful owners.
“This last year we received over 4,000 claims from South Dakotans,” said State Treasure Rich Sattgast. “That’s money getting into the hands of our citizens which ultimately makes its way into our economy and that’s good for our state.”
Unclaimed Property is currently holding $69.1 million in unclaimed funds, but that amount is ever changing.
“Abandoned and forgotten property is turned over to the state throughout the year, so it’s important to check the unclaimed property database regularly,” Sattgast said. “Our office participates in numerous events across the state. Come visit us at one of the many fairs we’re attending this summer and we’ll help you check for unclaimed property in your name as well as assist you in filling out a claim form.”
To check for unclaimed property, visit www.sdtreasurer.gov or call the unclaimed property hotline at 1-866-357-2547 to talk to an Unclaimed Property representative.
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