Home Top Stories 140,000 unclaimed property checks mailed to Illinois residents, totaling $13.2 million

140,000 unclaimed property checks mailed to Illinois residents, totaling $13.2 million

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140,000 unclaimed property checks mailed to Illinois residents, totaling .2 million

CHICAGO (CBS) — The check was mailed and is legitimate, so look for an envelope from the Illinois State Treasurer.

Treasurer Michael Frerichs’ office has sent checks to about 140,000 people, totaling nearly $13.2 million, from the state’s Unclaimed Property program.

The checks are sent through the Enhanced Money Match Program, which allows the treasurer’s office to automatically refund money to Illinois residents without them having to file a claim.

The state’s Unclaimed Property program, also known as I-CASH, allows the state to collect unclaimed property, such as the contents of inactive safe deposit boxes, abandoned bank accounts, unpaid life insurance benefits, unused discount cards and uncashed checks.

The treasurer’s office said most checks cost $50 to $100 each.

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