Treasurer Folwell talks about how we are returning money through the NCCash Match Program
A Department of State Treasurer (DST) initiative will speed up the return of millions of dollars to the rightful owners through a free, streamlined process. With the NCCash Match program, unclaimed property owners do not need to take action to receive their money. The Unclaimed Property Division will research records and identify qualifying claims of $5,000 or less. Each week, notification letters will be mailed to claimants, and a check will be issued in 6-8 weeks. Below are some frequently asked questions about the Unclaimed Property Division and this special effort to get money in the hands of North Carolina residents.
NCCash Match FAQs
Items such as uncashed checks, forgotten bank accounts, utility deposits, life insurance policies, stocks, bonds and other funds that have been abandoned and no owner can be found.
The funds were turned over to our office by a company that did business with you at one point in time. When that company could no longer contact you, by law they were required to send the money to the State Treasurer for safekeeping.
If you receive one of these letters, no action is required on your part to receive the funds unless the letter contains incorrect information. If your name has changed or is misspelled, or you no longer reside at the address to which the letter was originally mailed, please contact our call center at 1-866-NCCASH-1 (866-622-2741). When calling, please reference the letter and provide the Claim ID indicated on the letter. Otherwise, in approximately 6 – 8 weeks after you receive the letter, a check will be mailed to you at the address indicated on the letter.
At the Treasurer’s request, the North Carolina General Assembly passed legislation allowing our office to pay certain claims without requiring a signed claim form. This authority will allow us to use other automated tools to verify ownership and more quickly return money to the rightful owner.
If you receive a letter in error, the letter contains incorrect information, or you no longer reside at the address to which the letter was mailed, please contact our call center at 1-866-NCCASH-1 (866-622-2741). When calling, please reference the letter and provide the Claim ID indicated on the letter.
This special project is limited to properties $5,000 or less that also meet certain other criteria. Not everyone will quality for this program. You may search here and initiate a claim for property we are holding in your name that may not qualify for the program.
No, you don’t have to wait for a letter to start claiming your funds. Although you may qualify for the program, it may be some time before your property is included in the program. We encourage you to search your name here to locate and claim property we may be holding in your name.
This special program uses various tools and public information resources to verify identity and ownership of the unclaimed property claim. For claims outside of this program, claimants must still provide the evidence required to prove identity and ownership of the property. Review of this evidence by claims processors will take the normal processing time of approximately 90 -120 days.