Treasurer has $12 million to give back to Illinoisans

Treasurer has $12 million to give back to Illinoisans

The next time you get a letter saying you have money waiting for you, it may not be a scam.

Starting this month, the state treasurer's office is doing the legwork of its unclaimed property division, which it expects will result in $12 million worth of checks ending up in the hands of Illinois residents.

Treasurer Mike Frerichs says his office will cross-reference unclaimed property with tax records. If it can verify the address of someone owed money — such as unclaimed wages — it will send a check.

Up to now, those wanting to claim property had to go to the treasurer's website, file a claim and provide certain paperwork.

To qualify for the program, the unclaimed cash must be $2,000 or less.

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