5 On Your Side

State agencies have unclaimed money

Posted February 17, 2011

— While most money on the North Carolina State Treasurer's unclaimed property list belongs to citizens, tens of thousands belongs to state agencies.

The North Carolina Department of Revenue has nearly $71,000 in unclaimed cash. North Carolina State University has nearly $20,000 ready to claim, and the University of North Carolina at Chapel Hill has more than $15,500 in missing money.

State Treasurer Janet Cowell wasn’t available Thursday for comment, but spokeswoman Heather Strickland told WRAL News that, once a year, the state Controller's Office claims money for all state agencies that's been sitting unclaimed for more than a year.

However, the claims process isn’t always simple.

“It's almost like putting a puzzle piece together. Seeing what the numbers are. Seeing what the different accounts are and kind of piecing that all together,” said Beth Stevenson, a spokeswoman for the state Department of Revenue.

Stevenson said a lot of her department’s unclaimed money is checks or money orders they were never received for a variety of reasons. She said banks often lump together several customer payments, which complicates the claim process.

“We're doing everything we can to identify and collect that money that is due to us,” Stevenson said.

As for other agencies, the Department of Transportation said it checks yearly, and North Carolina's Child Support Office said it gets "sporadic" notices from the treasurer's office.

North Carolina flag, NC flag, state flag, N.C. flag State agencies have unclaimed money

The Department of Insurance said most of its unclaimed cash really belongs to individuals but said employees still check with the office regularly.

N.C. State tries to find its missing money more than any other public entity WRAL News talked with. The school claimed nearly $22,000 in the last two and a half years. The university filed its latest claim three months ago but hasn’t received the money yet.

The treasurer’s website allows anyone to sign up for e-mail alerts to let them know if they have unclaimed cash.


This story is closed for comments.

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  • uknowsomuch Feb 21, 2011

    Thaks dollars! My name was listed twice!

  • ncsuecu Feb 18, 2011

    If the Department of Revenue knows what money is owed to what agency, why don't they just give it to them. Why cost the agency more $ and paperwork to claim it. Maybe I just see things to plain and simple!

  • Dollars-and-Sense Feb 18, 2011

    Everyone should check www.nccash.com. Type in your name to see if the State is holding your money. While you are at it, type in your parents and grandparent's names...even if they are deceased. My grandfather's name showed up on the list 30 years after he died. His heirs were allowed to get the money. A person has a greater chance of being on the list if they have had more than one (1) address in NC or they are deceased. Good luck!!

  • RMC10 Feb 18, 2011

    Yes, and last year it was my $40,000 that was our savings in RBC Bank, that was just there as our rainy day fund and had had no activity on it for three years. By NC law RBC "had to" turn that money over to the state, and we did not even know it, until Monica Laliberte notified us. Sneaky little law in NC. If you have a bank account, CD, or Bonds that have had no activity, please check with your bank and have their status set to "active" - or the 'free money for us' folks will take it.

  • frankbad15 Feb 18, 2011

    Thanks WRAL, My name was on the list for unclaimed cash.

  • Feisty Redneck Diva - Cowgirl UP Feb 18, 2011

    Must be one heck of a slow "news" day.

  • tobywilliamson58 Feb 18, 2011

    Could use this money to replace the deficit caused by excessive BRIME use~!! What a waste!!

  • ohmygosh Feb 18, 2011

    And how much claimed money (tax refunds) is still in "agency" hands?

  • oftenbad Feb 17, 2011

    Give some back to the state workers about to be screwed by the budget!