Tennessee’s $976 Million in Unclaimed Property: Any of This Money Yours?

What Is Unclaimed Property?

Unclaimed property in Tennessee includes financial assets such as dormant bank accounts, uncashed checks, insurance payouts, and safe deposit box contents. These assets are turned over to the state when businesses cannot locate the rightful owners. Currently, Tennessee is safeguarding $976 million in unclaimed property, waiting to be claimed. Similar programs exist in nearby states like Alabama, Alaska, and Georgia.

How Does Property Become Unclaimed?

Assets typically become unclaimed for the following reasons:

  • Address Changes: Failing to update your address after relocating.
  • Dormant Accounts: Savings or checking accounts with no activity over time.
  • Forgotten Checks: Uncashed payroll checks, tax refunds, or rebates.
  • Unreceived Benefits: Insurance payouts or refunds that were not collected.

This issue isn’t unique to Tennessee; other states like New Mexico and New York report similar cases of unclaimed property.

Types of Unclaimed Property in Tennessee

Here are some common examples of unclaimed property in Tennessee:

  1. Bank Accounts: Checking and savings accounts that have gone dormant.
  2. Uncashed Checks: Payroll, rebate, or vendor checks.
  3. Insurance Payouts: Life insurance proceeds and policy refunds.
  4. Utility Refunds: Overpayments or deposits from utility accounts.
  5. Safe Deposit Boxes: Jewelry, coins, or family documents left behind.

Neighboring states like North Carolina and Texas have similar categories of unclaimed property worth exploring.

How to Search for Unclaimed Property in Tennessee

Tennessee offers a simple process for finding and claiming unclaimed funds:

  1. Visit Tennessee’s Official Database: Use Forgotten Loot to access the state’s unclaimed property search tool.
  2. Search for Your Name: Enter your name, business name, or even a deceased relative’s name.
  3. Review the Results: Look through the listings to identify assets that may belong to you.
  4. File a Claim: Provide necessary documentation, such as proof of identity and ownership, to claim your funds.

If you’ve lived in nearby states, check databases in Alabama and Kentucky as well.

Why Search for Unclaimed Property in Tennessee?

Tennessee adds millions of dollars in unclaimed property to its database each year. These assets are yours to reclaim and can include wages, refunds, and valuable items. Start your search today and see what treasures await.

Fun Facts About Tennessee

  • Tennessee is known as the “Volunteer State”, a nickname dating back to the War of 1812.
  • It’s home to Nashville, the country music capital of the world.
  • The Great Smoky Mountains National Park, the most visited national park in the U.S., is located here.
  • Tennessee is famous for Memphis-style barbecue and the iconic Graceland, home of Elvis Presley.

For more regional discoveries, explore unclaimed property programs in Mississippi and New Jersey.

Link back to: Visit Tennessee’s Tourism Page

Tips for Finding Success

  1. Search All Name Variations: Include maiden names, middle initials, and nicknames.
  2. Check for Family Members: Look for unclaimed property belonging to relatives or deceased loved ones.
  3. Explore Neighboring States: If you’ve lived or worked in nearby states, you might have unclaimed property there too.
  4. Revisit Regularly: Tennessee frequently updates its database, so check back often.

Get Started with Forgotten Loot

Tennessee’s unclaimed property division is holding over $976 million in assets. Don’t wait—download Forgotten Loot now for step-by-step instructions to search in Tennessee and across all 50 states.

Your treasure could be waiting—start your search today!