Treasury holds more than $730,000 for Pennsylvania’s “Valentines”
Harrisburg, PA - Will you be Treasury’s Valentine? Thousands of Pennsylvanians could say yes to that question. In celebration of Valentine’s Day, Treasurer Joe Torsella announced that Treasury holds more than $730,000 worth of unclaimed property for more than 7,000 Pennsylvanians with the first, middle, or last name of “Valentine,” “Cupid,” or “Love."
Treasury is also holding tangible property, including heart pendants, diamond earrings, and numerous necklaces, for safekeeping until these items can be reunited with their rightful owners.
"Imagine staring into your beloved’s eyes as they sparkle above the candlelight dinner scene you’ve laid out. You slide a ribbon-covered box across the table. They open it and look down to see the most beautiful words possible: ‘You have unclaimed property with Pennsylvania Treasury’, while we’re hoping to find thousands of Valentines across the state, it’s a fact that one in ten Pennsylvanians actually have property waiting here with Treasury, and we’d love to get more of it back into the right hands."
Pennsylvania Treasurer, Joe Torsella
Unclaimed property is any financial asset that has gone unclaimed for a period of time, usually three years. Under Pennsylvania law, businesses are required to report this to Treasury. Each year, Treasury receives millions of dollars worth of unclaimed property—items such as abandoned bank accounts, forgotten stocks, uncashed checks and contents of safety deposit boxes.
Last fiscal year, Treasury received nearly $300 million in unclaimed property. During that same period, Treasury returned $209 million to rightful owners.
The value of all property remains available for claim by the owners or their heirs in perpetuity and Treasury serves as the custodian until it can find and verify its rightful legal owner. Potential claimants may search Treasury’s website for unclaimed property, or Treasury’s Bureau of Unclaimed Property is also available toll-free at 1-800-222-2046, to help conduct a thorough search for unclaimed property.
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