Visit the iCash website at to find out if any unclaimed property is waiting for you. An estimated one-in-four adults in Illinois who search the state’s unclaimed property website, also known as iCash, find unclaimed property that should be returned to them. The office also conducts an annual, in-person auction of unclaimed property during the Illinois State Fair in August. The treasurer’s office conducts online auctions of unclaimed property periodically throughout the year because it does not have the physical space to store the items forever. I remember being told it would take awhile to process. After only getting delivery occasionally I cancelled delivery and requested a refund. Years ago we subscribed to the Sunday only Pantagraph. All auction proceeds will be held for the rightful owners, no matter how long it takes. Illinois Treasurer Michael Frerichs needs new authority to fine any business that sends your money to the State instead of refunding it directly to you. Items considered for auction typically have not been touched by their owners for 10 years. Items are surrendered to the treasurer’s office after private entities have tried for several years to locate the owner. The treasurer’s office is the custodian of unclaimed property, including lost bank accounts, insurance policy proceeds, unpaid rebate cards, and safe deposit boxes. We are responsible for the cash management duties of receiving, depositing and investing state funds, bond management, unclaimed property, savings programs, and.
#ICASH IL TREASURER REGISTRATION#
The registration process is simple: Go to / and select the tab labeled “Register now.” For questions, call 217.557.8567. To view auction items, go to / and select the tab labeled “Storefronts.” Scroll down to the Illinois State Treasurer Unclaimed Property Auction, select it and then click on the tab labeled “Upcoming Store Items.” To be eligible to participate in the auction, prospective bidders must register with iBid if they have not previously done so. Among the other available items are Beanie Babies stuffed toys, collectible sports items and cards, fine jewelry, coins and currency from the United States and other countries, Elvis Presley memorabilia, comic books and costume jewelry. Items to be auctioned include a 14-karat gold link bracelet, Victorian trade cards and a 1924 Saint-Gaudens $20 U.S. The State Treasurer is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. “Jewelry, cards, and souvenirs could be a wonderful addition to a personal collection or a unique gift to a friend of relative.” “The online auction is an excellent and convenient opportunity to shop for collectibles and other memorabilia,” said Illinois State Treasurer Michael Frerichs, whose office oversees unclaimed property in Illinois. Staff from the Illinois State Treasurer’s Office assisting local residents with filing a claim.SPRINGFIELD – Collectible coins, sports cards and jewelry are among the more than 500 unclaimed property items to be auctioned online from April 3 through April 7. Since 2015, the State Treasurer’s Office has returned more than $1.3 billion in assets to Illinois residents. Once property is in the custody of the state and its unclaimed property program, the state maintains custody of the property in perpetuity until the rightful owner or heirs come forward to claim. Unclaimed property laws began in the United States as a consumer protection program and have evolved to protect not only the owners, but their heirs and estates as well.
The event in Marengo was offered to help local residents who may have questions or who prefer to have assistance with filing their claim. Illinois residents can search the state’s Unclaimed Property database online and file a claim at any time by visiting /icash. Property is returned at no cost with the proper identification.Ĭommon types of unclaimed property include: checking and savings accounts, uncashed wage and payroll checks, uncashed stock dividends and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks, money orders, traveler’s checks, mineral proceeds, court deposits, uncashed death benefit checks and life insurance proceeds. The State holds these lost funds until they are claimed by either the original owner or their heirs. The State Treasurer’s Office is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. State Representatives Steve Reick, R-Woodstock, and Joe Sosnowski, R-Rockford, hosted an I-Cash event at the Marengo-Union Library District today with the Illinois State Treasurer’s Office to help McHenry County residents with filing a claim for money or property owed to them in custody of the state.
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