I-Cash program returns record $180 million in forgotten cash, stock

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SPRINGFIELD, Ill. (WAND) - A record-breaking $180 million in forgotten cash and stock was returned to individuals, employers and non-profits by the state treasurer's office this past fiscal year.

More than 116,000 claims were fulfilled. The average value was around $1,500.

Last fiscal year, only 58,000 claims were fulfilled.

Last year, the treasurer's office started the Fast Track and E-Claiming processes to make it easier for people and groups to file claims.

Under the Revised Uniform Unclaimed Property Act, the state treasurer's office will share data with the Illinois Department of Revenue to match unclaimed property records with Illinois residents who filed tax returns in the last year. Because of this change in the law, the state treasurer's office soon will be able to return cash to some taxpayers without a claim being filed.

In Illinois, the state treasurer keeps a hold of unclaimed property like unpaid life insurance benefits and forgotten bank accounts.

You can search the state treasurer's database for your name to see if you have any unclaimed property by clicking HERE.

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