COLLINSVILLE, Ill. – To give local residents and businesses an opportunity to claim their unclaimed cash or property held by the state, state Rep. Katie Stuart, D-Edwardsville, is collaborating with the Illinois State Treasurer’s office for a free ICash event on Tuesday, April 30 from 2 to 5 p.m. The event will be held at the Collinsville Memorial Library located at 408 W. Main St in Collinsville.
“This event simplifies the process for my constituents to check if they have any unclaimed property,” Stuart said. “The property being held by the state belongs to residents, so the treasurer’s office and I are pleased to offer this service to return unclaimed property to individuals.”
State Treasurer Michael Frerichs’ office has $2.5 billion in unclaimed property that belongs to people across the state. The property can be held in various different forms, which can include checking accounts, savings accounts, uncashed wage and payroll checks, uncashed stock dividends and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks and more. During the event, a representative from the treasurer’s office will be available to check the ICash database, explain how to claim property and answer any other questions.
“The reason that there is so much unclaimed property is mostly due to the public not knowing that they could have unclaimed property,” Stuart said. “Both residents and businesses can come to this event to ensure that if they do have unclaimed property, they can claim it as soon as possible.”