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Village of Villa Park News

Posted on: May 16, 2023

Illinois State Treasurer Unclaimed Property

Putting money in people’s pockets is a way to help the state’s economy. The State Treasurer’s Office actively pursues returning unclaimed property to its proper owners, no matter how long it takes.

Illinois’ unclaimed property program—also known as I-Cash—is one of the state’s oldest consumer protection initiatives. The State Treasurer is tasked with safeguarding unclaimed property, such as the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. Illinois holds more than $3.5 billion in unclaimed property.

The Treasurer’s Office has returned more than $1.6 billion since Michael Frerichs became Illinois State Treasurer. The record-setting performance is the result of a complete restructuring of the unclaimed property process under Frerichs. 

Illinois is a national leader in the unclaimed property space and is frequently consulted by other states that are reforming their unclaimed property laws, rules and procedures.

You can check to see if unclaimed property is waiting for you.

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