about one year ago by Jake Linder, WMIX Radio
The Illinois State Treasurer's office hopes to reunite Illinois residents with their unclaimed property. That could include bank accounts, insurance policy proceeds and forgotten safe deposit boxes. Residents can check the database by going to IllinoisTreasurer.gov and clicking on the “I-Cash” link. Treasurer Michael Frerichs says his office is currently sitting on nearly $3 billion dollars that doesn't belong to the state, but may be owed to you.
There are multiple situations where a person or business could be owed money. Treasurer Frerichs even has experience in an instance, where money was owed to him.
The unclaimed property division in 2017 paid out more than $160 million in claims, the largest being $1.3 million.