(Part 1 of 2) The bottom slice of bread in the Dakota sandwich is recognized as the home to the monument Mt. Rushmore, but South Dakota is holding something just as valuable but not nearly as known. (...)" />

February 4, 2012

Locate Unclaimed Money in SD – Part 1 of 2

(Part 1 of 2)

The bottom slice of bread in the Dakota sandwich is recognized as the home to the monument Mt. Rushmore, but South Dakota is holding something just as valuable but not nearly as known. The Office of the State Treasurer is currently holding tens of millions of dollars in South Dakota unclaimed money that is owed to people living in the state. With one of the lowest state populations in the United States, South Dakota citizens have excellent odds of locating cash owed to them, if they know where to look.

Stepped-up efforts by the state to hand back lost money to the actual owners have led to the giving back of an average of $2.2 million each year in recent years, but most of it still goes unreturned, as an average of $6.7 million is turned over to the state every year. This essentially means that the state's fund grows by about $5 million each year. So while the State Treasurer lists no solid total, it's safe to assume that they are holding at least tens of millions.

(to be continued)


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