State Treasurer Frerichs Returned $299 Million In Missing Money in 2024
SPRINGFIELD - The Illinois State Treasurer’s Office returned nearly $299 million in missing money during 2024, Illinois State Treasurer Michael Frerichs announced today. Illinois’ missing money program — also known as I-CASH — processed 331,032 claims last year. Preliminary numbers show that $260.6 million in cash and $38 million in securities were returned last year. The average amount of a claim was $902. “Putting money back in people’s pockets helps families and our state’s economy. This money belongs with its rightful owners,” Treasurer Frerichs said. “We have made it easier to file a claim in many cases and streamlined the system with the help of state lawmakers.” I-CASH is one of the state’s oldest consumer protection initiatives. The State Treasurer is tasked with safeguarding unclaimed property, including unpaid life insurance benefits, forgotten bank accounts, unused rebate cards and the contents of overlooked
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