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Treasurer's office begins annual effort of connecting Missourians with unclaimed property

Missouri State Treasurer Eric Schmitt said more than 100,000 Missourians have unclaimed property. (File)

More than 100,000 Missourians have unclaimed property, and the state's treasurer office has begun its yearly search to address the issue.

A release from Treasurer Eric Schmitt stated those with unclaimed property will have their names listed in more than 100 publications across the state, as Schmitt said there is more than $1 billion worth of unclaimed property.

"I have made it a priority to get this money returned to its rightful owners as quickly and efficiently as possible,” Schmitt said in a release. “This money doesn’t belong to the government, it belongs to the people of Missouri. I’m proud of the work our team has done to cut the processing time nearly in half and make it easier for Missourians to claim and receive their unclaimed property.”

The property has been turned over to his office by financial institutions, business, government agencies and other organizations. Missouri law requires notices be published annually in order to list the names of individuals whose unclaimed property valued at $50 or more has been turned over to the Missouri State Treasurer’s Office in the past year, according to the release.

Individuals or businesses can check online to see if they have unclaimed property by visiting www.ShowMeMoney.com. They can also sign up for email notifications when new assets come in matching their information and send notifications to family and friends to let them know about money being held in their name.

Schmitt stated his office returned $45 million of unclaimed property in 2017.

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