Latest news with #MoneyMatch
CBS News
27-06-2025
- Business
- CBS News
More than $9 million worth of checks are hitting Pennsylvanians' mailboxes. The state says to cash them.
More than $9 million worth of checks are hitting Pennsylvanians' mailboxes, and the state treasurer is encouraging people to cash them. The Pennsylvania Treasury says nearly 40,000 checks totaling $9.2 million have gone out to people through the Money Match program. "It's exciting to see so many people getting money they didn't know they had," Treasurer Stacy Garrity said in a press release. "It's now important that people cash these checks. We want everyone to know this is a real program and this is real money. Every dollar we return to Pennsylvania families is money they can use to buy groceries, fill up their cars with gas, or pay their rent or mortgage. This money belongs to them, not the state." How do I get a Money Match check? If one of these checks are heading your way, you should already know. The Treasury sent notification letters to Pennsylvanians in early May telling them that unclaimed property would automatically be returned to them. The Pennsylvania Money Match program allows the Treasury to automatically return single-owner properties valued at up to $500 after a thorough identification and verification program. Under the program, checks will be sent quarterly. The Treasury says the next batch, which includes about 40,000 letters, will go out in August. The Treasury plans to return $30 million this year. Unclaimed property includes things like dormant bank accounts, uncashed checks, forgotten stocks and insurance policies. It also covers tangible items like the contents of abandoned safe deposit boxes. The Treasury says more than one in 10 Pennsylvanians has unclaimed property, and the average claim is worth more than $1,000. You can find out if you're owed unclaimed property by searching online. Legislation looks to expand program The Money Match program was signed into law by Gov. Josh Shapiro last year. The Treasury says there's movement in both chambers of the General Assembly to increase the threshold for Money Match, allowing more unclaimed property to be automatically returned. Right now, the program doesn't apply to claims for properties valued above $500 or those that have multiple owners or other complexities. Those people still need to file a claim online and provide the required documentation.
Yahoo
08-05-2025
- General
- Yahoo
More than 40,000 Pennsylvanians to receive unexpected checks
(WHTM) – More than 40,000 Pennsylvanians will soon receive checks in the mail. The Pennsylvania Treasury says letters are being sent to residents of the Money Match program informing them that a check for unclaimed property will soon be arriving. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The Money Match Program authorizes the Treasury to automatically return single-owner properties worth up to $500 through an identification and verification process. Examples of unclaimed property include dormant bank accounts, uncashed checks, forgotten stocks, insurance policies, and physical property in abandoned safe deposit boxes. Residents who receive letters should expect a check about 45 days later. 'I'm thrilled to get this money back to hardworking Pennsylvanians without requiring them to file a claim or submit any paperwork at all,' said Treasurer Stacy Garrity. 'We are actually able to remove red tape from government, something that's almost unheard of, with this great program.' You can check if you have unclaimed property on the Pennsylvania Unclaimed Property website and file your own claim. In March, the Treasury sent 7,468 checks worth $1.8 million in unclaimed property. There's more than $5 billion in unclaimed property in Pennsylvania, and 1 in 10 residents is owed a piece of that. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
07-05-2025
- Business
- CBS News
Pennsylvania Treasurer mailing 40,000 "Money Match" letters to residents this week
Over 40,000 Pennsylvania residents will find out this week if they are owed unclaimed money or property through the "Money Match" program, and will likely start receiving checks in June, Treasurer Stacy Garrity announced Wednesday. The Money Match program allows the state treasury to automatically return property valued up to $500 to the rightful single owner after steps are taken to verify their identity. "If you receive a Money Match letter, read it and keep it," Garrity said in a news release. "About 45 days later, your unclaimed property will arrive in the form of a check from the Pennsylvania Treasury Department, so make sure you cash the check!" Forty-five days from May 8 would be June 22, 2025. This is the second batch of checks sent out through the program. In the first, about 8,000 checks totaling nearly $2 million went to residents. Prior to last year, residents had to seek out unclaimed property for themselves. But then the Pennsylvania Senate unanimously passed Senate Bill 24, which allows for the automatic return of some unclaimed funds. "I saw some other states were doing it and I'm like, well, why aren't we doing this?" Garrity told CBS News Philadelphia's Jim Donovan in March. On Thursday, Garrity and fellow Republican state representatives and senators will gather to return $13,000 in unclaimed property to the Bucks County Sheriff's Office. What is unclaimed property and how can I find it in Pennsylvania? Unclaimed property could be money from dormant bank accounts or uncashed checks, forgotten stocks and insurance policies, or even physical property like the contents of abandoned safe deposit boxes. There is more than $5 billion in unclaimed property being held by the Treasury, with the average claim valued at more than $1,000. Money Match will automatically send out money and property valued at $500 or less and with a single owner. But if the property has multiple owners or is valued higher, you will still need to file a claim. To see if you're owed unclaimed property in Pennsylvania, visit the Pennsylvania Treasury's website. contributed to this report.
CBS News
25-03-2025
- Business
- CBS News
"Money Match" checks are in the mail to Pennsylvania residents. What to know about the unclaimed property program.
For the first time ever, the Pennsylvania Treasury Department is returning unclaimed property automatically, thanks to a new law. "The first Pennsylvania Money Match checks are officially in the mail and they're on their way to their rightful owners, how great is that!" Pennsylvania Treasurer Stacy Garrity said Monday. Pennsylvania Money Match checks totaling more than $1.7 million were mailed out this week to nearly 7,400 people. Garrity said these checks are real and if you receive one in your mailbox, the money belongs to you. "The best news is there's a lot more to come," Garrity said. The new Money Match program allows the state treasury to automatically return certain unclaimed property. "That means no searching, no forms to fill out, and no documents to provide. Automatic returns through Money Match apply to unclaimed property that is owned by a single individual and worth up to $500. Other properties still require search and filing a claim, for now!" Garrity said. "I was completely unaware that I had unclaimed property until I received a letter back in January from the Pennsylvania Treasury stating that I would be receiving a check for nearly $500," said Nina Hard, a Pennsylvania Money Match check recipient. More than $4.5 billion in unclaimed property is being safeguarded in the Treasury's vault. It could be old bank accounts, uncashed checks, rebates, or even the contents of abandoned safe deposit boxes. Garrity said Money Match checks will be sent quarterly. She said the next batch of letters will go out to 40,000 people in May with checks to follow by mid-June. "It's a simple, efficient, and effective way to get money back into the hands of the people who own it and deserve it," said Senator Scott Hutchinson (R-21). "Less red tape, less paperwork, and more money in your pocket... after all money should be going to the people who earned it," said Representative Ryan Bizzarro (D-3). Garrity said people should continue to search for unclaimed property on the treasury's website because claims still need to be filed for properties valued above $500 or those that have multiple owners. There are at least two bills being proposed by lawmakers, including one that's sponsored by Bizzarro that would increase the amount that can be returned automatically to thousands of dollars.
CBS News
25-03-2025
- Business
- CBS News
Pennsylvania Treasury Department begins mailing out "Money Match" checks
For the first time ever, the Pennsylvania Treasury Department is returning unclaimed property automatically thanks to a new law. "The first Pennsylvania Money Match checks are officially in the mail and they're on their way to their rightful owners, how great is that!" said Pennsylvania Treasurer Stacy Garrity. Pennsylvania Money Match checks totaling more than $1.7 million were mailed out this week to nearly 7,400 people. Garrity said these checks are real and if you receive one in your mailbox, the money belongs to you. "And the best news is there's a lot more to come," Garrity said. The new money match program allows the treasury to automatically return certain unclaimed property. "That means no searching, no forms to fill out, and no documents to provide. Automatic returns through Money Match apply to unclaimed property that is owned by a single individual and worth up to $500, other properties still require search and filing a claim, for now!" Garrity said. "I was completely unaware that I had unclaimed property until I received a letter back in January from the Pennsylvania Treasury stating that I would be receiving a check for nearly $500," said Nina Hard, a Pennsylvania Money Match Check Recipient. More than $4.5 billion in unclaimed property is being safeguarded in the Treasury's vault. It could be old bank accounts, uncashed checks, rebates, or even the contents of abandoned safe deposit boxes. Garrity said money match checks will be sent quarterly. She said the next batch of letters will go out to 40,000 people in May with checks to follow by mid-June. "It's a simple, efficient, and effective way to get money back into the hands of the people who own it and deserve it," said Senator Scott Hutchinson (R-21). "Less red tape, less paperwork, and more money in your pocket... after all money should be going to the people who earned it," said Representative Ryan Bizzarro (D-3). Garrity said people should continue to search for unclaimed property on the treasury's website because claims still need to be filed for properties valued above 500 dollars or those that have multiple owners. There are at least two bills being proposed by lawmakers, including one that's sponsored by Bizzarro, that would increase the amount that can be returned automatically to thousands of dollars.
