Austin, Texas, December 23, 2025
The State of Texas is urging residents of Austin to claim approximately $622 million in unclaimed property. This includes forgotten bank accounts, uncashed checks, and utility deposits that have remained inactive. The Texas Comptroller’s office manages these assets and provides an easy process for residents to search and submit claims through ClaimItTexas.gov.
Austin, Texas: State Holds $622 Million in Unclaimed Property, Urges Residents to Claim Their Assets
Austin, Texas – The State of Texas is currently holding approximately $622 million in unclaimed property from the Austin area and is encouraging residents to claim their assets. This substantial sum includes forgotten bank accounts, uncashed checks, utility deposits, and other financial items that have remained unclaimed for a specified period.
Unclaimed Property in Texas
Unclaimed property refers to financial assets that have been abandoned or left inactive by their rightful owners for a certain period. In Texas, businesses and other entities are required by law to report and remit such property to the state. The Texas Comptroller’s office manages this unclaimed property, aiming to reunite it with its rightful owners.
How to Claim Your Property
Residents can search for and claim their unclaimed property through the official website, ClaimItTexas.gov. The process is straightforward and free of charge. To begin, visit the website and enter your name or business name to see if any unclaimed property is associated with it. If you find a match, follow the instructions provided to submit a claim.
Background on Unclaimed Property in Texas
Since the inception of the Unclaimed Property program in 1962, Texas has returned over $4.8 billion to its rightful owners. In fiscal year 2024, the Comptroller’s office approved and paid out a record $422.4 million in unclaimed property, highlighting the state’s commitment to reuniting residents with their assets. Unclaimed property can include various items such as dormant bank accounts, uncashed payroll checks, insurance proceeds, and contents of safe deposit boxes. There is generally no statute of limitations for unclaimed property in Texas, meaning owners can file a claim at any time.
For more information or assistance, contact the Texas Comptroller’s Unclaimed Property Division at 800-321-2274 (CASH) or visit ClaimItTexas.gov.
Frequently Asked Questions (FAQ)
What is unclaimed property?
Unclaimed property refers to financial assets that have been abandoned or left inactive by their rightful owners for a certain period. In Texas, businesses and other entities are required by law to report and remit such property to the state. The Texas Comptroller’s office manages this unclaimed property, aiming to reunite it with its rightful owners.
How can I search for unclaimed property in Texas?
Residents can search for and claim their unclaimed property through the official website, ClaimItTexas.gov. The process is straightforward and free of charge. To begin, visit the website and enter your name or business name to see if any unclaimed property is associated with it. If you find a match, follow the instructions provided to submit a claim.
Is there a deadline to claim unclaimed property in Texas?
There is generally no statute of limitations for unclaimed property in Texas, meaning owners can file a claim at any time. However, it’s advisable to claim your property as soon as possible to ensure its return.
What types of assets are considered unclaimed property?
Unclaimed property can include various items such as dormant bank accounts, uncashed payroll checks, insurance proceeds, and contents of safe deposit boxes. Essentially, any financial asset that has been abandoned or left inactive for a certain period can be considered unclaimed property.
How do I file a claim for unclaimed property in Texas?
To file a claim, visit ClaimItTexas.gov and search for your name or business name. If you find unclaimed property associated with you, follow the instructions provided on the website to submit your claim. The process is free and straightforward.
Key Features of Unclaimed Property in Texas
| Feature | Description |
|---|---|
| Amount Held | Approximately $622 million in unclaimed property from the Austin area. |
| Types of Assets | Includes forgotten bank accounts, uncashed checks, utility deposits, and other financial items. |
| Claim Process | Residents can search for and claim their property through ClaimItTexas.gov. |
| Statute of Limitations | No statute of limitations; owners can file a claim at any time. |
| Historical Returns | Over $4.8 billion returned to rightful owners since 1962; $422.4 million returned in fiscal year 2024. |
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Author: STAFF HERE AUSTIN WRITER
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