We are back with Dale Folwell,
the North Carolina State Treasurer
and he's taking your questions
about getting your unclaimed cash.
Or any question you might have
for the Treasury Department.
Alright, so this person is asking how
do you claim for a deceased spouse?
Uh, that's a fantastic question.
People who have have passed away.
It's obviously a little more cumbersome,
but if you'll just go to
claim on the NC cash website,
you'll walk you through the process
and kind of get to the to the bottom.
But if you are,
especially if you are a joint
tenant with writer survivorship,
it should be a lot easier.
OK, and I'm going to do a follow up question
because this one just came in and says,
can I collect money for my father
who has been deceased for 20 years?
That might take a few more documents
and a little more wrangling.
It it will and it goes back to
maybe another question you might
get about why is it say over $50.
The Clerk of Courts of North Carolina
require that the states be open.
If money is coming into it from
nccash.com that you were unaware of,
and obviously there's a cost
to opening up in the state.
So if there's only $53 sitting
there and your case $20,
it's not really worth opening in state.
But if you find that there's some
life insurance proceeds of you know
50 I mean lots and lots of money,
it'd be worth to reopen the
estate and and file the claim,
right? So we do want to make it clear
that if someone has been deceased.
And and it's not like a spouse, it's a
father or mother or somebody like that.
You probably have to reopen
the estate and only do that if
it is a good amount of money.
That's correct, OK, alright,
so this next question is,
I found my name.
What does it mean when it says
greater than $50 on the website?
That's a fantastic question from your viewer.
The reason is this is public record.
There's $900 million sitting here and
there's 18 million records, so twice
as many records as there are citizens.
The reason that we say over $50 is that
there are property finders out there,
as you mentioned earlier,
that try to charge you 20% Commission
to get your money to you where
we don't charge you anything.
So that's why we say over $50.
And so you just need to go in
and file your claim and it will
tell you the exact amount
and so you're trying to keep
that from the third party.
People of finding that out. I see, OK,
we're we're we're actually trying
to protect the citizens who
may have something at NC cash.
Our goal is to get people back money
back into the hands of the rifle owners.
And anytime you're paying a 20% Commission
when you didn't have to pay anything,
we're in favor of them not paying anything.
And again, there are third parties
who that is their business and
it's legal for them to do that,
and they will charge you a fee.
We want to make sure that if
you want to get your money for
free with no fee whatsoever,
you go straight to nccash.com.
All right, this person is asking and
maybe they missed it in the first segment.
Why would someone have unclaimed cash?
A fantastic question is where
somebody tried to mail you a check.
Generally speaking,
or some type of security,
or it did not either get delivered
to you through the mail,
or as I checked that you didn't cash.
It could be a rent deposit in your case,
say where you may have overpaid
a copay on a medical bill.
It could be a small bank account that
somebody opened for you as a child
the last paycheck where they were
mailing the last paycheck to you.
But you moved before it got mailed.
It could be a deposit from a tuition.
From a university,
there are all kinds of.
Ways of how things get into nccash.com.
We are breaking all records in terms
of getting money back to people,
but we're also breaking all records
in terms of collecting this money,
especially from financial institutions
and insurance companies.
Some of those insurance companies.
It's not a shock may have wanted to hold
on to that money and not send it to us.
OK, really quick.
I just have 30 seconds.
Some people want to know will
the money go away at some point?
Is there an expiration?
The money stays there forever and
the General Assembly uses about
50 million a year for certain
types of veteran scholarships.
But there's nearly $1 billion
sitting at nccash.com,
no charge to look at your name up,
and no charge to make your claim.
Fantastic. Thank you so much for joining
us. We appreciate it. I know you've been
on the road delivering lots of checks
for unclaimed cash folks at home.
If you missed any of this, you can find it
on our website.
In the two wants to know section.
Including the link that goes
directly to end C cash.com.