Unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years. Funds become unclaimed because the company loses track of the consumer, due to an incorrect address or other missing information.
By law, these funds are escheated, or turned over, to the Department of State Treasurer for safekeeping. As new funds are added, the NC Cash database is updated, which means that your name could be listed right now.