SC treasurer: $462M in unclaimed property is searchable online

SC treasurer: $462M in unclaimed property is searchable online
FBI agents say a Nigerian scheme cost a Daniel Island business more than $350,000. (Source: AP)

COLUMBIA, S.C. (AP) - South Carolinians have more than $462 million in unclaimed property, and State Treasurer Curtis Loftis wants everyone to know about it.

The South Carolina General Assembly is proclaiming Wednesday as Unclaimed Property Day.

Loftis says nearly 27,000 accounts worth $16 million were paid to South Carolina individuals and businesses by the Palmetto Payback unclaimed property staff last fiscal year.

Examples of unclaimed property include dormant bank accounts, uncashed checks, unclaimed insurance proceeds, forgotten utility deposits, uncashed dividend checks and unexchanged shares of stock.

The State Treasurer's Office serves as custodian of unclaimed funds and holds them until claimed by the rightful owners. People can search the items online anytime at www.treasurer.sc.gov.

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