Illinois treasurer returns $22.7M in unclaimed property back to owners

ByABC7 Chicago Digital Team WLS logo
Thursday, April 6, 2023
Illinois treasurer encouraging residents to check for unclaimed property
On National Unclaimed Property Day, the Illinois Treasurer's Office wants residents to check if they have any cash or property that belongs to them.

CHICAGO (WLS) -- Illinois State Treasurer Michael Frerichs has announced that $22.7 million in unclaimed property was returned to their rightful owners last month. Over 11,000 claims were paid during the month of March.

The Illinois State Treasurer's Office has returned $1.6 billion since Frerichs took office in 2015.

Note: The video in the player above is from a previous report.

Illinois currently holds more than $3.5 billion in unclaimed property, Frerichs said. These assets include overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards.

RELATED: Illinois State Treasurer's Office holds online auction for more than 400 unclaimed items

"I place a priority on reuniting people with money that belongs to them," Frerichs said. "Putting money in people's pockets is a way to help the state's economy. We will hold onto unclaimed property as long as it takes to return it."

To check for unclaimed property, visit