The State holds these lost funds until they are claimed by either the original owner or their heirs. Read More About ICash. The plaintiffs filed the class action lawsuit in 2016, alleging the state was violating the U.S. Constitution by holding private property without "just compensation," asking the court to force the state to pay interest on those funds. Read More, October 3, 2016 - Treasurer Frerichs Suspends $30 Billion in Investment Activity from Wells Fargo for Predatory and Illegal Banking Practices Read More, January 30, 2017 - Treasurer Frerichs Launches New Investment Program for Children and Adults with a Disability or Blindness Read More, September 15, 2016 - Treasurer Frerichs Hosts Diverse Managers Forum to Encourage Growth and Business Opportunity in Illinois In Illinois it's called ICash, and the State Treasurer is holding $2.5 billion in unclaimed funds. Read More, April 13, 2016 - Frerichs, Martwick Fight Insurance Companies that Do Not Pay Death Benefits Read More, February 22, 2018 - Treasurer Frerichs Announces $500 Million Investment to Boost Economy in Rural Illinois Read More, September 26, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Cook County: $6,885,020 Read More, May 2, 2022 - State Treasurer Michael Frerichs Pushes to Reunite DeKalb Residents with Unclaimed Property, Lost Money The State Treasurer is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. Read More, April 27, 2015 - Treasurer Frerichs Identifies Office Challenges, Shares Plans to Help Families Succeed April 25, 2023 - Illinois State Treasurer Michael Frerichs Sets Online Auction of Unclaimed Property for May 1-5 The treasurer, comptroller or auditor of each state maintains a list of abandoned property and runs an online database that anyone can search by name for free. Read More, November 2, 2017 - Treasurer Frerichs: Congressional Tax Plan A Horror Story for Middle Class and Unemployed You May Have Cash or Property Waiting to be Claimed at www.illinoistreasurer.gov/ICASH Read More, June 3, 2016 - Treasurer Frerichs to Return $19,000 to Carver Community Center on Behalf of Peoria-Native Richard Pryor Illinois auctions unclaimed collectibles online | OurQuadCities Read More, April 14, 2020 - Five State Treasurers Call on Manufacturers to Release Ventilator Repair Manuals Read More, August 7, 2019 - Cream of the Crop 2019 Photo Winners Announced Read More, February 7, 2020 - Treasurer Frerichs Awarded ESGR Patriot Award for Commitment to Illinois Veterans April 22, 2023. So the icash.illinoistreasurer.gov review is short but to the point. Read More, January 23, 2017 - Frerichs Seeks Commonsense Change to Protect Medical Marijuana Patients Illinois State Treasurer: Estate Tax An Estate Tax Payment Form must be completed when submitting payments: . Treasurer Dan Rutherford said I-Cash never charges fees to those who use it, or find something on it, and does not give or impose commissions. Read More, August 15, 2016 - Frerichs Holds Statewide Hearings On Life Insurers That Do Not Pay Death Benefits Anyone who has previously claimed funds from the ICash program, starting from Aug. 22, 2017, and has a valid mailing address on file with the Treasurer's Office will receive a check in the mail. Read More, March 2, 2020 - Treasurer Frerichs to Team Up with Zion Mayor McKinney, Sen. Bush & Rep. Mason to Reunite Residents with Unclaimed Property Read More, May 2, 2022 State Treasurer Michael Frerichs Pushes to Reunite Kane County Residents with Unclaimed Property, Lost Money Read More, November 4, 2019 - State Treasurers Urge Vote No on Cardinal Health Director Related to Opioid Crisis Illinois Treasurer Seeks to Reunite Metro-East Residents with Assets (PDF), April 1, 2015 - Treasurer Frerichs Reunites Residents with Assets Read More, December 21, 2020 - Give to a Bright Start College Savings Account Read More, April 24, 2017 - Trump Trashes Protections for Students and Taxpayers Read More, August 24, 2016 - Illinois to Enter Contract Negotiations on Behalf of Ten-State Consortium for ABLE Services Read More, August 22, 2018 - Rauner Uses Veto in Stunning Power Grab Read More, August 25, 2021 - Illinois State Fair Live Unclaimed Property Auction Earns $192,000 Read More, April 23, 2018 - Last Call: Submit Your Design for Illinois' Bicentennial Medallion Read More, April 25, 2017 - Frerichs Proposal to Compel Life Insurance Companies to Pay Death Benefits Dating Back to 1996 Passes Illinois House Read More, March 15, 2021 - Treasurer Frerichs Earns $1 Billion in Investment Earnings for State Make any changes needed: add text and images to your See 755 ILCS 5/25-1 - Illinois . Read More, August 11, 2020 - Midwest Investors Diversity Initiative Sees More Women and People of Color Gain Board Seats in 2020 Unclaimed property consists of accounts and other financial instruments, usually intangible, being held at corporations, financial institutions, financial intermediaries, courts, and life insurance companies, that have gone dormant for a specified period of time based on property type. The I-Cash program still holds an estimated $1.7 billion in unclaimed wealth. Read More, October 29, 2020 - City and State Treasurer Host Racial Equity Discussion with Bank Executives Use this Resource Center to quickly access frequently visited pages, and the latest news and updates. Read More, October 17, 2018 - Illinois State Treasurer Frerichs, Rhode Island State Treasurer Magaziner, Pennsylvania Treasurer Torsella, and New York City Comptroller Stringer Press for Independent Board Chair at Facebook Read More, January 12, 2017 - Frerichs Proposes Commonsense Change to Compel Life Insurers to Pay Death Benefits Read More, May 19, 2016 - Treasurer Frerichs Releases Braver Report Chronicling Allegations of Rutherford Administration Read More, September 9, 2020 - Deadline Approaching for Illinois Small Non-Profits to Apply for Food, Housing Grant Funding Read More, December 16, 2019 - President Trump Must End Silence About $26 Billion National U.S. Savings Bond Loophole Read More, May 31, 2016 - Illinois Treasurer Michael Frerichs Seeks to Reunite Putnam, Bureau, and LaSalle County Residents with Unclaimed Property Climate Alliance Read More, July 14, 2021 - Midwest Investors Diversity Initiative Moves Needle for More Women and Persons of Color on Corporate Boards Read More, August 10, 2015 - Treasurer Michael Frerichs Announces Online Auction for Unclaimed Property Read More, September 15, 2016 - Illinois Releases RFP for Bright Start Direct Program Manager April 25, 2023 - Illinois State Treasurer Michael Frerichs Sets Online Auction of Unclaimed Property for May 1-5 Read More. College Savings. Read More, April 6, 2023 - Treasurer Frerichs Returns $22.7 Million in Unclaimed Property in March Read More, February 17, 2017 - Treasurer Frerichs Statement on the Passing of Iconic U.S. House Leader, Congressman Bob Michel of Peoria Read More, December 8, 2015 - Unclaimed Property Auction Results: $73,000 Read More, October 24, 2017 - Treasurer Frerichs Delivers Gold for Illinois Read More, August 18, 2020 - Treasurer Announces Winners for 2020 Cream of the Crop Photo Contest Read More, April 12, 2016 - Does the State of Illinois Have Your Money? Frerichs is the 74th person to serve in this role. Read More, October 23, 2017 - Treasurer Frerichs Asks Court to Force Kemper Corp. to Allow State Audit of Life Insurance Policies Read More, September 7, 2017 - Treasurer Frerichs Reacts to Governors Delayed Decision To Refinance Debt that Carried up to 12 Percent Interest Read More, May 26, 2017 - Frerichs Urges Governor Rauner to Sign Legislation to Crack Down on Companies that Avoid Paying Taxes Anyone who claims their money in the future will receive their funds with that interest included. Read More, July 10, 2017 - Treasurer Frerichs: Without Steps from Governor, Illinois Will Be Issued Junk Bond Status Contact the Treasurer's Office - Illinois! Treasurer Illinois Unclaimed Property - Official State Site. Read More, September 16, 2022 - Treasurer Frerichs Honors Hispanic Leaders And Celebrates Hispanic Heritage Month . ICash. Read More, June 14, 2016 - Budget Impasse Projected to Cost $31 Million in 2016 Common types of unclaimed property include: checking and . Since 1961, the Illinois Treasurer's Office has been tasked under state law with holding unclaimed money and property like forgotten stock dividends, rent deposits, abandoned bank accounts, uncashed checks, utility refunds and more. Read More, September 9, 2015 - Treasurer Frerichs to Stand with Senator Manar, Representative Scherer and Millikin University President to Urge Approval of College Tuition Assistance The treasurer's office has returned more than $1B in unclaimed property since Treasurer Frerichs took office in 2015. Read More, February 22, 2023 - Treasurer Frerichs Presents Awards to Downstate Leaders In Honor of Black History Month Read More, April 1, 2019 - Annual Cream of the Crop Photo Contest Now Open When it comes to the maximum rating, there is not really much to talk about. . Read More, July 14, 2016 - Treasurer Frerichs Announces Live Unclaimed Property Auction at the Illinois State Fair Read More, September 28, 2020 - Secretary of State Jesse White and Treasurer Michael Frerichs Announce Extension: E-Check Payment Processor Fee Now Waived Through Dec. 31, 2020 State of Illinois unclaimed property auction to be held in May; items Here's how to find out if some of that money is yours: Go to the Illinois iCash website and press the "Get Started" button. The average claim is . Read More, May 12, 2017 - Green Lending Program to Help Non-Profits and Faith-Based Organizations Read More, January 22, 2020 - Applications Now Being Accepted From Small Non-Profits For Treasurer Frerichs Charitable Trust Grant Program Read More, October 4, 2018 - Treasurer Frerichs and Comptroller Mendoza Launch New Bill Backlog Program Read More, August 24, 2017 - State Fair Live Auction Earns $117,000 The settlement agreement approved Thursday says the state will now pay that interest based on the current rate of inflation or the monthly earnings rate of the state portfolio, whichever is greater, minus a $5 administrative fee, according to Frerichs' office. Read More, January 25, 2021 - State Treasurer Frerichs Announces $15 Billion Record for Illinois College Savings Plans Read More, June 22, 2021 - Last Call: Illinois State Treasurer Michael Frerichs Reminds Students to Submit Photos by June 24 for the 2021 Cream of the Crop Contest August 10, 2013 / 9:42 AM This means the business is, indeed, Safe. Read More, August 5, 2020 - State Treasurer Michael Frerichs I-CASH Program Eclipses $1 Billion in Unclaimed Property Returns Read More, February 2, 2016 - Treasurer Frerichs Invites Public to Attend Ag Invest Roundtable Events Get browser notifications for breaking news, live events, and exclusive reporting. . 2023 CBS Broadcasting Inc. All Rights Reserved. Read More, March 12, 2015 - Illinois Treasurer Announces Online Auction for Unclaimed Property Read More, May 28, 2019 - Martin Luther King, Jr. Community Center Among Awardees of Treasurers Charitable Trust Grant Program A spokesman for Frerichs - who has repeatedly touted his office's outreach efforts on the ICash program - simply said in a statement that Illinois is now one of four states that pay interest on unclaimed funds. Search your name, your spouse's name, your parents . Read More, May 3, 2017 - Durbin, Frerichs Slam Republican Effort to Limit Americans' Retirement Savings Options Read More, December 5, 2017 - Treasurer Frerichs: Congressional Tax Plans Would Assign Social Security Number to a Fetus Read More, October 21, 2016 - Treasurer Frerichs Honors Leaders at LGBT History Month Celebration Read More, June 24, 2022 - Illinois State Treasurer Michael Frerichs Responds to Opinion Overturning Roe v. Wade Treasurer Frerichs Makes Unclaimed Property Or ICash One Of His Read More, August 29, 2018 - Rauner Amendatory Veto Will Waste Money Read More, November 2, 2021 - Illinois State Treasurer Michael Frerichs Launches Operation Purple Heart Read More, October 20, 2015 - Treasurer Frerichs Speaks with LaSalle County Service Providers on Budget Impasse About the Illinois Treasurer As Illinois State Treasurer, Frerichs is the state'sChief Investment and Banking Officer and actively manages approximately $38 billion. Read More, July 18, 2022 - State Treasurer Michael Frerichs Offers Tips on Tapping into Bright Start Money to Pay College Bills Read More, October 15, 2015 - Treasurer Frerichs Releases Names of Owners of $123 Million in Unclaimed Property in Cook and Collar Counties Read More, January 3, 2022 - NAST Welcomes New Leadership for 2022 . Read More, June 1, 2017 - Illinois Gets More Credit Downgrades after Failure to Reach a Budget Deal Read More, June 1, 2016 - Treasurer Frerichs Joins State, Local Leaders to Urge Corporate Board Diversity Read More, May 8, 2017 - Treasurer Frerichs: Rauner Must Initiate Meaningful Budget Negotiations or Risk Junk Bond Status Read More, October 13, 2021 - State Treasurer Michael Frerichs Sends Thousands of Letters to Encourage Residents to Claim Nearly $20 Million in Unclaimed Property Read More, April 12, 2022 - Treasurer Michael Frerichs Visits Normal to Help Workers Retire with Dignity Give to a Bright Start College Savings Account "We hold these auctions whereas us need supplementary space in our vault," said Ilinois State Treasurer Michael Frerichs, whose office oversees unclaimed property in Illinois. Read More, April 13, 2015 - Treasurer Michael Frerichs Encourages Students to Participate in Photo Contest Promoting Agriculture Read More, April 1, 2015 - Treasurer Frerichs Reunites Residents with Assets Read More, August 22, 2017 - Roseland Hospital to Receive Loan Through Illinois Treasurer Frerichs Office Read More, March 30, 2022 - Treasurer Frerichs Meets with Secure Choice Participants in Peoria Read More, November 20, 2017 - Treasurers Office Kicks-Off Holiday Season with Online Auction Set to Begin Cyber Monday To view auction items, visit here and select the tab . ePAY is a full-service electronic payment program specifically designed for Illinois governments so they can quickly and securely receive monies through convenient . (Illinois Treasurer) I got an email from the Illinois State Treasurer that I have some unclaimed property. Read More, January 27, 2022 - Treasurer Frerichs Encourages Residents, Businesses, Non-Profits to Check for Cash and Property Owed to Them During National Unclaimed Property Day Read More, March 21, 2022 - Treasurer Frerichs Plan to Help Workers Retire with Dignity Tops 100,000 Savers Read More, October 7, 2021 - Illinois Treasurer Frerichs Accelerates Effort Calling on Russell 3000 Companies to Disclose Board Diversity Data Find and fill out the correct is icash legitimate. Illinois Treasurer Seeks to Reunite Rockford Residents with Assets (PDF), March 23, 2015 - Illinois Treasurer Auction Results: $93,000 If an owner signs a contract, the company will tell . Read More, November 8, 2017 - Illinois Families Win as Senate Overrides Gov. Read More, April 26, 2017 - Treasurer Frerichs Announces First Quarter Investment Returns The only such program that the state of Illinois recognizes, and works with, is the I-Cash program run by the treasurer's office. For inquiries on doing business with the Treasurer's Office , click here . Read More, April 19, 2023 - State Treasurer Michael Frerichs Pushes to Reunite Southern Illinois Residents with Unclaimed Property You have already signed up to receive our newsletter. Read More, March 15, 2023 - State Treasurer Michael Frerichs Honors Illinois Leaders During Women's History Month Read More, June 10, 2020 - Treasurer Frerichs Announces Commemorative Coin Honoring Anniversary of the Ratification of the 19th Amendment Read More, May 18, 2018 - Top Proxy Advisory Firms Support Frerichs, Other Investors Proposal to Make Changes at Facebook Read More, December 7, 2017 - Treasurers, comptrollers, controllers from across the U.S. warn of economic consequences of expelling Dreamers, Temporary Protected Status holders Read More, May 27, 2020 - Still Time to Submit Photos for the 8th Annual Cream of the Crop Photo Contest The Illinois Treasurer is legally required to get the property to the rightful owners no matter how long it takes for them to come forward. Read More, July 13, 2021 - Treasurer Frerichs Announces $200,000 Available for Small Non-Profits in Illinois Read More, August 3, 2018 - Statement on Veto of HB4922 Read More, April 22, 2016 - Illinois Treasurer Michael Frerichs Statement on Passage of Higher Ed Funding Read More, June 14, 2022 - Last Call: State Treasurer Michael Frerichs Reminds Students to Submit Photos for Cream of the Crop Contest by June 22 Who else found some unclaimed property in Illinois? Read More, April 19, 2016 - Misericordia Needs Candy Day Help Read More, October 24, 2019 - Treasurer Frerichs Announces Third Gold Rating for Bright Start College Savings Plan Read More, December 9, 2021 - Need Extra Cash This Holiday Season? Read More, December 19, 2017 - Treasurer Frerichs Returns Purple Heart To Family of Vietnam Veteran Killed in Action Read More, April 19, 2023 - State Treasurer Michael Frerichs Pushes to Reunite Kane County Residents with Unclaimed Property Read More, January 17, 2023 - Illinois Secure Choice Retirement Savings Program Hits $100 Million Mark Read More, September 1, 2021 - llinois State Treasurer Frerichs Announces Fee Reductions for College Savers Read More, August 9, 2021 - FITCH Gives Top AAA Rating to Illinois Funds Treasurer Warns Of Imitation Unclaimed Property Websites
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