Unclaimed funds are usually left in care of the treasurer of state until its owner can be found. This is because there are laws that restrict companies from keeping items when the owner cannot be found. It usually takes 5 to 12 weeks to receive the unclaimed money.
Free Unclaimed funds come from different sources of properties that may be stocks, dividends, old bank accounts, bonds, abandoned savings account and many other sources. Once this money has been unclaimed for a period of time, it will turn to the federal agencies until the rightful owner claims it.
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It can be claimed by conducting a lost money search. The free claim process requires claimants to complete a form and submit it to the state or federal government along with all proofs of identification. Unclaimed money is not included in the state properties.
Here are some tips to increase your chances in getting unclaimed grant money:
· You are required to prepare an application form properly and submit it to the agency to claim for free unclaimed money.
· Once, you have submitted your application form, it will be reviewed and may be denied or accepted by the lender.
· Write your name properly and check it twice. Do not forget to check last name and middle name and do remember to make changes in your name, if any.
· You have to check the status properly that you have given and make necessary changes in that. Make sure to check all the states that you have lived in, done business in and been corporate in.
· After checking the states, you are required to do a national search for at least once in a year for free funds.
· As there are thousands of applications who have claimed for money, there is no need to worry about getting your application rejected. Use the free unclaimed money search online and make projections of it and claim immediately for funds.
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