ABOUT THE DIVISION OF UNCLAIMED FUNDS
The Division of Unclaimed Funds is part of the Ohio Department of Commerce and was
created to protect Ohio citizens who have inactive accounts with financial institutions
and other entities. The Division is responsible for the safekeeping and return of
monies designated as "unclaimed." Each year, due to death, inadvertence, or forgetfulness,
more than 200,000 people and organizations lose track of monies, rights to monies,
and intangible properties in Ohio. Enacted in 1968 to protect people who lost track
of their money, the unclaimed funds laws
allow the division to ensure that holders report unclaimed funds.
Common sources of unclaimed funds include:
- dormant savings and checking accounts
- unpaid insurance policies
- underlying shares of stock
- unreturned rent and utility deposits
- forgotten layaway deposits
- credit memos
- unclaimed wages or commissions
- undelivered and uncashed stock dividends
- credit balances
- uncashed checks
- intangible contents of safe deposit boxes
The division has more than 4,500,000 accounts worth approximately $1,200,000,000 in its custody,
and its diligent efforts to locate missing owners and reunite them with their lost
assets have been successful year after year. The purpose of the division’s Community
Outreach Program is to make the public aware that unclaimed funds are being held
by the division on behalf of private individuals and organizations, and to assist
in returning those funds to their rightful owners.
The primary mission of the division is to return unclaimed funds to their rightful
To improve the quality of service to our customers by collecting unclaimed property
equitably, managing the property wisely and effectively, and returning it timely
to their rightful owners.
To be a leader among unclaimed property administrations by utilizing innovative
technological advances while emphasizing positive customer service.
Appointed by the Director of the Department of Commerce, the Superintendent of the
Division of Unclaimed Funds, Yaw Obeng, administers the activities of the division,
which is divided into these four sections:
This section is responsible for administering policies and procedures for the division
in compliance with the Unclaimed Funds Laws
Claims Processing Section
This section is responsible for establishing the validity, processing, and authorizing
of payment of all claims, of proactive owner location activities ("treasure hunts"),
of processing of all requests for claim forms and finder requirements, and of provision
of clerical support for the division.
This section handles questions relating to holder reporting and forms, enforces
compliance with Ohio’s Unclaimed Funds Law,
examines holder assets, and reviews holder reports for compliance.
This section processes holder reports and remittances as well as related securities
and safe deposit box contents received. It also issues ninety-percent (90%) retention
account investment instructions to holders. It also handles the data entry of accounts
and processing of electronic reports.
Handles requisite accounts receivable, payable transactions, and the record retention
schedule for the division, as well as the biennium (2-year) budget.
The holders and rightful owners of unclaimed funds held in safekeeping by the State
The Division is responsible for the safekeeping and return of monies designated
as "unclaimed." Dormant accounts are turned over to the division by business entities
such as financial institutions, corporations, proprietorships, partnerships and
estates, trusts, charitable organizations, fraternal or cooperative associations,
and other legal or community entities. Within the unclaimed funds industry, these
entities are referred to as holders.
Reporting is necessary whether or not businesses believe they hold unclaimed funds.
All holders are responsible for filing reports on behalf of their branches, divisions,
or other affiliated entities. Subsidiaries, if separate entities, may report separately.
Pursuant to Ohio Revised Code Section 169.01
(D)(2), the only entities exempt from reporting are
501(c)(3) hospitals and political subdivisions. For more information
on the laws and rules regulating unclaimed funds
in Ohio, you can access a searchable version of the Ohio Revised Code at
The Division has more than 4,500,000 accounts in its custody. Because of this vast
number of accounts, we developed Community Outreach Programs to notify the public
of unclaimed funds that are being held by the Division on behalf of private individuals
and organizations. Our main programs are described below.
Annually, we publish advertisements in newspapers in each of Ohio’s 88 counties.
The advertisements list owners of accounts valued at fifty dollars ($50) or more
that were reported to the Division during the prior year. Additionally, under the
auspices of the Community Outreach Program, lists of owners of unclaimed funds are
sent to every county treasurer.
In 1997, the Division put its entire database on its website. This database, which
is completely searchable by name, includes accounts from the Division’s inception
in 1968. To date our website continues to grow in popularity. When it was first
created, the website only averaged 45 hits per day, but now it averages over 3000
hits per day. After media coverage, that number increases dramatically to as many
as 6000 or more hits per day!
If you would like to search on-line for funds under your name,
click here to go to its "Online Treasure Hunt" webpage and follow the instructions.
If you find accounts belonging to you or someone you know, you may print the claim
form, complete it, and return with proper documentation for processing, to us at:
Division of Unclaimed Funds
77 South High Street, 20th Floor
Columbus, OH 43215-6108
If you are unable to print the form, please complete all the required fields, then
click on the "Have Claim Form Mailed" button and we will mail a claim form to you.
Pursuant to Section 169.06 of the Ohio Revised
Code, you must possess a property interest in an unclaimed account to request
a claim form. A property interest can include ownership or a right to the unclaimed
funds. However, you may also request a claim form for a family member or friend.
Be advised that the information provided on this website is for the use of the general
public and is not intended for paid professional finders. These listings do not
contain sufficient information to enable preparation of the required full-disclosure
contract, nor is a "check received date" available for calculation of the 24-month
waiting period. If you have any questions, please e-mail us at
The Division is funded through the collection and investment of unclaimed funds
as stipulated by Ohio Revised Code Section
169.05 (B). Basically, our first responsibility is to pay all claims. After
that, the Division is allowed to use funds and interest from the funds to pay for
advertising, operating, and administrative expenses related to enforcement of the
unclaimed funds laws.