Illinois Treasurer Frerichs Returns $22 Million to Residents in January Through I-CASH
SPRINGFIELD - Illinois State Treasurer Michael Frerichs returned $22 million to nearly 19,000 people in January through I-CASH, the state’s missing money program. “Returning this money to the rightful owners is better than keeping it in our bank vaults,” Frerichs said. “It helps our state’s economy when people have a little more money in their pockets to spend at local businesses.” Companies and banks turn over uncashed rebate checks, unpaid life insurance claims, forgotten checking accounts and the contents of overlooked safe deposit boxes to the Illinois Treasurer’s Office after a few years. The state treasurer is legally required to return unclaimed property to its owners or their heirs, no matter how long it takes. One way the office tries to return missing money is by highlighting National Unclaimed Property Day (Feb. 1) to encourage people to check the I-CASH website . Media coverage helped set a record this year. For the week ending
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