Submitted by LeslieMarston t3_xulpp4 in massachusetts
cheerocc t1_iqx7zdl wrote
Reply to comment by JoshSidekick in Does anyone use FindMassMoney and actually get money back? by LeslieMarston
That's why certain things go unclaimed. Some people will get as an example, a $1 rebate check for a product. Majority of people will find it not worth going to a bank to deposit that check so it stays in a junk drawer. Now imagine 1 million people out there with $1 uncashed checks. It adds up.
I said in my post that I used to work for a company that dealt with unclaimed property such as uncashed checks, bank account, etc... The company that we researched that had the most money that's unclaimed were insurance company such as MetLife. Tons of uncashed checks around $10 or so but there were hundreds of thousands of people. One year the amount of unclaimed property for that company was around $50 million. Crazy.
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