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Safely Reclaiming Your Money

May 1, 2014, 6:11 PM by Brady Mallory

Safely Reclaiming Your Money
SIOUX FALLS, SD -

You may be one of the more than 200,000 South Dakotans who have unclaimed money.  The State of South Dakota's unclaimed property fund is now at more than $40 million.  Finding this money is just a few clicks away. 

"It's kind of like that situation when you go into your closet, and pull out a jacket you haven't had on in over a year.  You reach into your pocket and find five dollars," SD State Treasurer Richard Sattgast said.

You may find the same feeling if you find your name on the unclaimed property fund list.  However, you may be a bit nervous when you have to hand over personal information, including your driver's license number and Social Security number, in order to get your cash back.

"Make sure that you are on one of the government websites," Sattgast said.

That is not as difficult as it may seem.  Many of the websites that help you find unclaimed money, including missingmoney.com and unclaimed.org, eventually link back to the state treasurer's website.  This should help you know that you are not dealing with a website that will scam you for your personal information.

"The state treasurers' across the nation work together to shut those down.  We will file a lawsuit if there is one of those websites," Sattgast said.

While the process of reclaiming what's owed you online might seem daunting at first, Sattgast says when in doubt, just pick up the phone and call his office at 605-773-3379.

"If you are asked questions that make you feel uncomfortable, don't answer those questions.  And if anybody's charging you for this, we do not charge a fee," Sattgast said.

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