Swift Grant Funds
Get up to $5,000 As Fast as 24 Hours. Simple Application Process And Fast Approvals.
Apply Now! All Credit Types.
Request Cash Now!

Texas Unclaimed Property consists of various types of assets, such as dormant bank accounts, uncashed checks, utility deposits, insurance benefits, mineral royalties, stocks, and other financial assets. When the rightful owners lose contact with the financial institution or company holding these assets for a specified period (often referred to as the "dormancy period"), the property is considered abandoned or unclaimed.

The Texas Comptroller of Public Accounts is responsible for safeguarding these unclaimed assets until the rightful owners or heirs come forward to claim them. The Comptroller's office diligently works to connect individuals with their abandoned property and conducts outreach programs to raise awareness about unclaimed property.

Why Does Unclaimed Property Exist?

A property becomes unclaimed when the rightful owner or beneficiary loses contact with the entity holding the property and fails to initiate any activity related to the asset for a specific period. The process through which property becomes unclaimed can vary depending on the type of asset and the laws of the jurisdiction in which the property is held. Here are some common scenarios that lead to property becoming unclaimed:

  1. Dormant Accounts: Bank accounts, including savings and checking accounts, become dormant if there is no customer-initiated activity for a certain period. This period is defined by the financial institution and varies based on local regulations. Failure to respond to account statements, log in to online banking or make transactions can cause an account to become dormant.
  2. Uncashed Checks: When individuals receive checks but do not cash them within a specified time, typically six months to a year, the funds may be returned to the issuer. If the issuer cannot locate the recipient, the funds may be turned over to the state's unclaimed property program.
  3. Forgotten or Lost Assets: Individuals may forget about financial assets they own, such as stocks, bonds, dividends, or interest payments. Ownership of these assets can be lost due to outdated contact information or lack of awareness about the asset's existence.
  4. Inherited Assets: In cases where individuals pass away without leaving clear instructions or wills, their assets may remain unclaimed if their heirs are unaware of their existence or do not know how to claim them.
  5. Abandoned Safe Deposit Boxes: When the lease for a safe deposit box expires, and the owner does not renew or make contact with the bank, the contents may be considered abandoned and turned over to the state.
  6. Insurance Benefits: Insurance companies may lose contact with policyholders or beneficiaries, especially if the policyholder has changed addresses or contact details.
  7. Unclaimed Refunds and Deposits: Overpayments, security deposits, and other refunds from various companies can become unclaimed if individuals do not claim them within a specific timeframe.
  8. Corporate Dissolution: When a business or corporation dissolves or goes bankrupt, assets held in their name may become unclaimed if owners or shareholders cannot be located.

State unclaimed property laws typically dictate the specific dormancy periods for different types of assets before they are considered unclaimed. Once property becomes unclaimed, financial institutions, businesses, and other holders are required by law to report these assets to the appropriate state's unclaimed property program.

The state then becomes the custodian of the unclaimed property, safeguarding it until the rightful owners or heirs come forward to claim it. The state also takes proactive measures to reunite unclaimed property with its owners through outreach programs and online databases.

Steps to Search for and Claim

Searching for and claiming unclaimed property in Texas is a straightforward process. The Texas Comptroller of Public Accounts has made it easy for individuals to locate and claim their lost assets through their official website. Here are the steps to search for and claim unclaimed property in Texas:

Step 1: Visit the Official Website

Go to the official website of the Texas Comptroller of Public Accounts at https://claimittexas.gov/. This website is the official portal for searching and claiming unclaimed property in Texas.

Step 2: Perform a Search

Once on the website's homepage, you will find a search bar where you can enter your name or the name of the individual for whom you are searching. You can search using variations of the name, as sometimes records might be listed under slightly different names.

Step 3: Review the Search Results

After performing the search, the website will display a list of potential matches. Review the search results carefully to identify any property that might belong to you or the person you are searching for. The list will show the property owner's name, the property type, and the property ID.

Step 4: Claiming the Property

If you find a match that belongs to you or the person you are searching for, click on the corresponding property to begin the claim process. You will be prompted to create an account or log in if you already have one.

Step 5: Complete the Claim Form

Follow the instructions provided on the website to complete the online claim form. You will need to provide information to verify your identity and the right to claim the property. This may include personal details such as name, address, social security number, and any other relevant information.

Step 6: Submit Required Documentation

Depending on the type and value of the property being claimed, additional documentation may be required to support your claim. This could include identification documents, proof of ownership, or any other relevant paperwork. Make sure to provide all the necessary documentation as requested.

Step 7: Review and Submit the Claim

Double-check all the information provided in the claim form and attached documents to ensure accuracy. Once you are satisfied that everything is in order, submit the claim electronically through the website.

Step 8: Await Confirmation

After submitting the claim, you will receive a confirmation email from the Texas Comptroller's office acknowledging the receipt of your claim. The Comptroller's office will then review the claim and verify the information provided.

Step 9: Receive Your Property

If the claim is approved, you will be informed by the Texas Comptroller's office, and arrangements will be made to return the unclaimed property to you. The method of returning the property may vary depending on the type of asset being claimed.

Note: It is essential to be cautious when claiming unclaimed property. Beware of scams or companies that may try to charge you a fee for assisting with the claim process. The Texas Comptroller's office does not charge a fee for searching or claiming unclaimed property on their official website.

By following these steps, you can efficiently search for and claim any unclaimed property that belongs to you or your loved ones in Texas. Remember to keep your contact information updated to avoid the property becoming unclaimed in the future.

The Process of Claiming and Recovering Unclaimed Property

The process of claiming and recovering unclaimed property can vary slightly depending on the jurisdiction and the specific type of asset being claimed. However, the general steps involved in claiming and recovering unclaimed property are as follows:

  1. Search for Unclaimed Property: The first step is to search for unclaimed property that may belong to you or your loved ones. Most states have an official website or database where you can perform a search using your name or other identifying information. In some cases, you may need to search multiple state databases if you have lived or conducted financial transactions in different states.
  2. Identify and Verify the Property: If your search yields results, carefully review the details of the unclaimed property to ensure it belongs to you. Note down the property type, property ID, and any other relevant information provided in the search results.
  3. Gather Necessary Documentation: Before initiating the claim process, gather the required documentation to prove your identity and ownership of the property. The specific documents needed can vary depending on the type of asset being claimed and the state's requirements. Commonly required documents include:
    • Proof of identity (e.g., government-issued photo ID)
    • Social Security number or Tax Identification Number (TIN)
    • Proof of address (e.g., utility bill, bank statement)
    • Proof of ownership or entitlement to the property (e.g., account statements, insurance policies, wills, court orders, or other relevant documents)
  4. Complete the Claim Form: Visit the official website of the state's unclaimed property program and navigate to the claim section. Fill out the online claim form, providing accurate and complete information as requested. Be prepared to enter details about the unclaimed property, your contact information, and the supporting documentation you will be submitting.
  5. Submit the Claim Form and Documentation: Once you have completed the claim form and gathered all the necessary documentation, submit the claim electronically through the state's official website. Some states may allow you to mail the claim form and documents instead of submitting them online.
  6. Wait for Review and Verification: After submitting the claim, the state's unclaimed property office will review and verify the information provided. This process may take some time, depending on the complexity of the claim and the volume of claims being processed.
  7. Receive Approval and Notification: If the claim is approved, you will receive a notification from the state's unclaimed property office. The notification will include instructions on how to receive or access your unclaimed property. In some cases, the property may be returned to you directly, while in others, you may need to visit a physical location to claim it.
  8. Claim Your Property: Follow the instructions provided in the approval notification to claim your property. This may involve receiving a check for uncashed funds, obtaining access to a dormant bank account, or taking possession of other tangible assets.
  9. Keep Records: After successfully claiming your unclaimed property, make sure to keep records of the transaction, including any documentation provided by the state's unclaimed property office. This will help you keep track of the recovery process and serve as proof of ownership.

Recovering unclaimed property involves a systematic process of searching, verifying ownership, and submitting a claim with the appropriate documentation. By following these steps, you can increase your chances of successfully reclaiming any assets that rightfully belong to you or your loved ones. Remember to check for unclaimed property periodically, as dormant assets may continue to accrue over time.

Financial Benefits of Exploring Texas Unclaimed Property

Exploring Texas Unclaimed Property can lead to significant financial benefits for individuals and their families. The state's unclaimed property program holds a vast array of assets that have been forgotten, lost, or abandoned, waiting to be reunited with their rightful owners. Here are some of the potential financial benefits of exploring Texas unclaimed property:

  1. Recovering Lost Funds: The most direct financial benefit is the recovery of lost funds. Unclaimed property can include dormant bank accounts, uncashed checks, utility deposits, insurance benefits, and more. When individuals claim their unclaimed assets, they regain access to funds that were once out of reach. These funds can be used to pay off debts, cover daily expenses, or be invested for future financial goals.
  2. Unexpected Windfall: Discovering unclaimed property can provide individuals with an unexpected windfall. The funds may come at a time when individuals need extra financial support, such as during emergencies or unforeseen expenses. This unexpected boost to their finances can be a game-changer for many families.
  3. Receiving Inherited Assets: Unclaimed property may include assets from deceased family members that were not properly distributed to heirs. By claiming these assets, individuals can rightfully inherit their share of the estate, which can have a substantial financial impact.
  4. Financial Security for Heirs: If individuals discover unclaimed property belonging to deceased relatives, claiming those assets ensures that the financial security of their heirs is protected. It prevents valuable assets from remaining in a state of limbo and ensures that the rightful beneficiaries receive what is rightfully theirs.
  5. Enhancing Retirement Savings: For those nearing retirement or already retired, claiming unclaimed property can enhance their retirement savings. Recovered funds can be added to retirement accounts or used to create a safety net for post-retirement life.
  6. Debt Repayment: Individuals can use the funds from unclaimed property to pay off outstanding debts, reducing financial stress and improving their credit standing.
  7. Funding Education or Career Advancement: Recovered funds can be directed toward educational expenses, such as paying for tuition, obtaining certifications, or financing career advancement opportunities, ultimately leading to increased earning potential.
  8. Investing and Wealth Building: Individuals can choose to invest the recovered funds wisely, potentially leading to wealth accumulation over time. Investments in stocks, real estate, or other financial instruments can yield returns and contribute to long-term financial growth.


Exploring Texas Unclaimed Property offers a variety of potential financial benefits for individuals and their families. Recovering lost funds, receiving unexpected windfalls, and gaining access to inherited assets are just some of the ways claiming unclaimed property can positively impact an individual's financial situation. By taking the time to search for and claim these assets, Texans have the opportunity to improve their financial well-being, secure their future, and make the most of their unclaimed treasure.

Frequently Asked Questions
What is unclaimed property in Texas?

Unclaimed property refers to financial assets and property, such as bank accounts, uncashed checks, insurance policies, and abandoned safe deposit boxes, that have been inactive or abandoned by their owners for a specified period.

How does property become unclaimed in Texas?

Property becomes unclaimed when the rightful owner doesn't make any transactions or contact with the holder (e.g., a bank or business) for a certain period, known as the "dormancy period." In Texas, this period is typically three years.

Who holds unclaimed property in Texas?

Unclaimed property in Texas is held by financial institutions, businesses, government agencies, and other entities that have a legal obligation to safeguard it until the owner can be located.

How can I check if I have unclaimed property in Texas?

You can search for unclaimed property in Texas through the official website of the Texas Comptroller of Public Accounts. They provide an online database where you can search for your name or the names of relatives.

Is there a fee for searching for unclaimed property in Texas?

No, there is no fee to search for unclaimed property in Texas through the official website of the Texas Comptroller of Public Accounts. It's a free service provided to the public.

How can I claim my unclaimed property in Texas?

If you find unclaimed property that belongs to you, you can initiate the claims process through the Texas Comptroller's website. You'll need to provide proof of ownership and follow the instructions provided.

What types of property can be considered unclaimed in Texas?

Unclaimed property in Texas can include dormant bank accounts, uncashed checks, refunds, insurance proceeds, mineral interests, stocks, bonds, and more. It encompasses various financial assets and valuables.

Is there a deadline for claiming unclaimed property in Texas?

In Texas, there is no deadline for claiming unclaimed property. The state holds the property indefinitely until the rightful owner or their heirs come forward to claim it.

Can a deceased person's heirs claim their unclaimed property in Texas?

Yes, heirs or beneficiaries of a deceased person can claim the unclaimed property on their behalf by providing the necessary documentation, such as a death certificate and proof of their relationship to the deceased.

What happens to unclaimed property if it remains unclaimed?

Unclaimed property in Texas is held by the state until it is claimed by the rightful owner or their heirs. The Texas Comptroller's office makes efforts to locate and notify owners about their unclaimed property through various means.

Is unclaimed property taxable in Texas?

Unclaimed property is not considered taxable income in Texas. However, if the property generates income after it's claimed, that income may be subject to taxation.

Can businesses or organizations have unclaimed property in Texas?

Yes, businesses and organizations can also have unclaimed property in Texas. It's not limited to individuals. Business entities should check if they have unclaimed property and follow the claims process if necessary.

Latest Article
Hotel Voucher: Your Guide to Flexible Stays and Thoughtful Gifts

Hotel vouchers act like prepaid certificates for hotel stays, offering flexibility or guaranteed room nights at a discounted rate. They're perfect for budget-conscious travelers or thoughtful gifts that unlock the joy of travel.

Read More
eLoanWarehouse: Exploring an Alternative for Fast Cash Needs

eLoanWarehouse offers a line of credit as an alternative to traditional loans, especially for those with imperfect credit. They focus on providing quick access to cash with a streamlined application process.

Read More
Costco EBT: Stretch Your SNAP Benefits with Warehouse Club Savings

Costco EBT is a lifesaver for SNAP participants looking to stretch their grocery budget. While you'll need a membership to shop the warehouse club's bulk buys, you can use your EBT card for authorized food items, maximizing your savings on staples like dairy, meat, and produce.

Read More
Swift Grant Funds Organization does not provide financial, legal, medical, or tax advice.

Our website services, content, and products are for informational purposes only.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram