Unclaimed property FAQs – Nationwide (2024)

What is unclaimed property?

Each state has unclaimed property laws that require companies to make reasonable efforts to find and notify those to whom they owe property. If the company is unsuccessful in locating the property owner, the property is considered abandoned and must be reported and remitted (or “escheated”) to the proper state to be held in trust until it is claimed by the owner. There are different dormancy periods for remitting funds to a state, but generally, it is 3-5 years after the check was issued.

If you’ve received a letter from Nationwide Mutual Insurance Company or an affiliate indicating that you have unclaimed property, this means a check or other asset has been issued to you that has not yet been cashed or claimed.

I have never had a Nationwide Insurance policy or product – is this a valid letter?

Unclaimed property notifications are issued by Nationwide for all Nationwide affiliated companies, including Allied; Titan; Scottsdale; Vet Pet; Nationwide Life; Harleysville; Agribusiness; Nationwide Trust Company, FSB (Federal Savings Bank); Nationwide Financial; Nationwide Retirement Solutions and others. You can find a complete listing of Nationwide affiliated companies here. You may have received a property notification if you owned a policy from one of these companies, provided services to one of these companies or are the recipient of a beneficiary or claimant through another who owns a policy from one of these companies.

Why did I receive this letter?

Within the first 6-9 months of the dormancy period, you may receive a courtesy letter from Nationwide requesting you to take action and confirm whether funds are due to you. Additionally, many states require that a Due Diligence letter is mailed to the property owner in certain circ*mstances, usually within one year or less of the time funds will be remitted to the state. This is Nationwide’s last attempt to contact the customer and is identified by “DD” at the bottom right corner of the letter. Open a sample letter to verify that the template is the same as the letter you received:

  • Sample courtesy letter
  • Sample due diligence letter

Property may be owed to you for any of the following reasons:

  • Refund for an insurance policy with Nationwide
  • Claim payment for an insurance policy issued by Nationwide
  • Annuity, pension, retirement account, or death benefits from Nationwide Financial companies
  • Trust Assets maintained at Nationwide Trust Company, FSB
  • Payment for services rendered to Nationwide

Do I need to provide my Social Security number when I return this form?

We do not require a Social Security number if a check is being reissued. However, Nationwide requires the last 4 digits of the customer’s Social Security number or business tax ID number if a name or address change is being requested.

If I am the beneficiary (or representing the beneficiary) of the insured or annuitant of a Nationwide Life or Annuity policy, what actions should I take to ensure I receive the funds?

Our (life insurance/annuity/retirement plans) claims department will contact you regarding the actions you need to carry out to complete the claim process. You’ll need to provide some or all of the following documentation, depending on the circ*mstances of the claim and state requirements:

  • Claim form
  • Death certificate
  • Documentation confirming that you are entitled to act on behalf of the beneficiary, such as a will, letter of administration or letter of testamentary
  • Copy of driver's license

Depending on the circ*mstance, additional supporting documentation may be required.

The original check was issued to me and another party (i.e., spouse, attorney, business). How can I claim the funds in my name only?

  • The second claimant will have to sign a release waiver, which must be notarized and returned to Nationwide along with the completed letter
  • If the second claimant is a lien holder or a body shop, proof that the lien has been satisfied must be provided to Nationwide along with the completed letter
  • If the second claimant is deceased, a copy of the death certificate must be provided to Nationwide along with the completed letter
  • If the funds were issued to a company that is no longer in business, return the letter and provide this information to Nationwide. Once Nationwide receives this documentation an internal review will take place to verify that it is appropriate to release the funds.

What do I have to do to claim funds?

Please provide the following by U.S. mail or email:

  • Completed unclaimed property letter, including your name and signature
  • The last 4 digits of your Social Security number
  • Your current address

Nationwide Corporate Escheat

PO Box 182239

Columbus, OH 43218-2239

unclaimed@nationwide.com

How long will it take to receive a check?

Please allow 6-8 weeks for payment to arrive.

How can I verify that Nationwide has received my letter?

Nationwide Corporate Escheatment will reply within 24 business hours if a cover sheet requesting confirmation has been included in an email submission. An email address or contact phone number must be provided for confirmation to be sent.

What should I do if my property has been escheated?

Contact the Unclaimed Property Division in your state by visiting your state government’s website or by using the unclaimed property website at unclaimed.org.

I discovered that some funds were sent to the state under my name. Can you give me information regarding what the funds were related to?

Please email unclaimed@nationwide.com or call 1-866-780-3772.

The state shows unclaimed funds in my name and requires proof from Nationwide that the money is due to me. What do I need to do?

To obtain proof of property related to unclaimed funds, please email unclaimed@nationwide.com. Include the following:

  • Property owner’s name (the name in which the funds were issued)
  • State in which the funds were reported
  • Property owner’s address when the funds were first issued
  • Property owner’s current address
  • Property owner’s date of birth

You may also call us at 1-866-780-3772.

Unclaimed property FAQs – Nationwide (2024)

FAQs

What is the most common unclaimed property? ›

The most common types of unclaimed property are:
  • Bank accounts and safe deposit box contents.
  • Stocks, mutual funds, bonds, and dividends.
  • Uncashed cashier's checks and money orders.
  • Certificates of deposit.
  • Matured or terminated insurance policies.
  • Estates.
  • Mineral interests and royalty payments.

What is the best website to find unclaimed money? ›

www.unclaimed.org is the website of the National Association of Unclaimed Property Administrators. This is a legitimate site created by state officials to help people search for funds that may belong to you or your relatives. Searches are free.

What is the largest unclaimed estate in the United States? ›

Joseph Stancak's estate is believed to be the largest unclaimed estate ever in the United States. Market Watch reports that he never married or had children and lived a quiet life in a modest home in Chicago and on his boat, which was named “Easy.”

Is there still unclaimed land in the US? ›

Today, only small areas of unclaimed land remain, yet large plots of land with little economical value (e.g., in Alaska) can still be bought for very low prices.

Is there any unclaimed property in the United States? ›

Most unclaimed money is held by state governments from sources such as bank accounts, insurance policies, or state agencies. Search for unclaimed money from your state's unclaimed property office. If you have lived in other states, check their unclaimed property offices, too.

Where is the most unclaimed land? ›

The largest unclaimed territory on Earth is in Antarctica. Marie Byrd Land, a 620,000-square-mile collection of glaciers and rock formations, lies in the western portion of the southernmost continent. Because of its remoteness, no nation has ever claimed it.

How do I know if I have money from the government? ›

Below are government agencies that have databases you can search for unclaimed money.
  • Treasury Hunt: Unclaimed U.S. Securities and Payments.
  • HUD/FHA Mortgage Insurance Refunds.
  • Credit Union Unclaimed Shares.
  • National Association of Unclaimed Property Administrators. ...
  • U.S. Courts: Unclaimed Funds in Bankruptcy.
Dec 23, 2022

How do I find unclaimed deposits? ›

All unclaimed deposits/accounts that are part of Depositor Education and Awareness (DEA) Fund of RBI can be searched in UDGAM portal. [Please refer to FAQs on DEA Fund scheme, 2014]. 4. What inputs are required to search unclaimed deposits of (a) individuals and (b) non-individuals on UDGAM portal?

How do I find unclaimed stimulus money? ›

What if my stimulus money was issued, but was lost, stolen or destroyed? You can start a payment trace by calling the IRS at 800-919-9835. Or mail or fax a completed Form 3911, Taxpayer Statement Regarding Refund, to the IRS. For more information about payment tracing, go to IRS Payment Trace.

How to find out if the IRS owes you money? ›

You may call us toll-free at 800-829-1040, M - F, 7 a.m. - 7 p.m. Generally, if the financial institution recovers the funds and returns them to the IRS, the IRS will send a paper refund check to your last known address on file with the IRS.

How to claim find mass money? ›

Claiming your money is also free when you use the official state website, findmassmoney.com. The process only takes a few minutes of your time. If you find your name on the list, you'll be prompted to answer a few questions to verify your identity and finally claim that money.

Is ClaimitTexas.gov legit? ›

Unclaimed funds in Texas get turned over to the Texas Comptroller's Office. https://www.claimittexas.gov/ is the Comptroller's own website. You can safely give out your SSN and driver's license numbers to claim your funds.

What is California's unclaimed property law? ›

The law provides California citizens a single source, the State Controller's Office, to check for unclaimed property that may be reported by businesses from around the nation and enables the State to return property, or the net proceeds from any legally required sale of the property, to its rightful owner or their ...

How long does California keep unclaimed money? ›

Unclaimed property is tangible or intangible property that becomes “dormant” for a legislatively defined period of time, typically three years. For a corporation, this can include uncashed payroll checks, vendor checks, insurance proceeds, the unused portion of company gift cards, etc.

References

Top Articles
5 Ways to Hold Real Property Titles
Rls Elizabeth Nj
Aged Grimm Character Nyt Crossword
Proto Ultima Exoplating
Target Dummies 101 - The Dummy Research/Tutorial Thread
Flanagan-Watts Funeral Home Obituaries
Wal-Mart 2516 Directory
M3Gan Showtimes Near Cinemark Movies 8 - Paris
Far-right activist Laura Loomer's access to Trump reveals a crisis in his campaign
Minus8 Patreon
Nail Salon In Victoria Tx Mall
Random Animal Hybrid Generator Wheel
Netlearning Login Rwjbh
Craigslist 5Th Wheel Campers For Sale
Wgu Academy Phone Number
Configuring Fail2ban with Traefik
Craigslist Sfbay
月曜から夜ふかし 9Tsu
Almost Home Natchitoches Menu
R/Skinwalker
Meet Scores Online 2022
Chester Farmers Market vendor Daddy's a Hooker: Ed Lowery happy fiber artist for 65 years
Elizabeth Holmes Fappening
Myzmanim Highland Park Nj
Bakkt Theater Purse Policy
Hyb Urban Dictionary
Creigs List Maine
Dawat Restaurant Novi
Shadbase Get Out Of Jail
Master Series Snap On Tool Box
Take Me To The Closest Chase Bank
SIM Cards, Phone Cards & SIM Cards, Cell Phones & Accessories
Sunset On November 5 2023
Vineland Daily Journal Obits
19 Dollar Fortnite Card Copypasta
Max Prep Baseball
Horned Stone Skull Cozy Grove
Highway 420 East Bremerton
Goodwill Winter Springs 434
In Branch Chase Atm Near Me
Bank Of America Financial Center Irvington Photos
On-Campus Student Employment
Boggle Brainbusters Bonus
My.chemeketa
Lildeadjanet
Z93 Local News Monticello Ky
Edo Miller Funeral Home Obituaries Brunswick Ga
Jason Brewer Leaving Fox 25
Left Periprosthetic Femur Fracture Icd 10
How To Spend a Day in Port Angeles (15 Things to Do!)
American Medical Response hiring EMT Basic - Bridgeport in Bridgeport, CT | LinkedIn
Love In Orbit Manga Buddy
Latest Posts
Article information

Author: Roderick King

Last Updated:

Views: 5847

Rating: 4 / 5 (71 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Roderick King

Birthday: 1997-10-09

Address: 3782 Madge Knoll, East Dudley, MA 63913

Phone: +2521695290067

Job: Customer Sales Coordinator

Hobby: Gunsmithing, Embroidery, Parkour, Kitesurfing, Rock climbing, Sand art, Beekeeping

Introduction: My name is Roderick King, I am a cute, splendid, excited, perfect, gentle, funny, vivacious person who loves writing and wants to share my knowledge and understanding with you.