Unclaimed property is not money on your company's books. Unclaimed property assets are abandoned funds or dormant accounts within financial institutions or companies you once did business with, where there has been no communication or other activity regarding the unclaimed property for two years or more. By law, after the dormancy period, the unclaimed property must be escheated to a State agency (Dormancy periods differ by state).
This 100% contingency process allows identified assets to be claimed and returned to your company with very little time and effort on your part.
Typically, funds will be received by claims filed within 90 days of engagement. A detailed spreadsheet and all scanned copies of checks received will be provided. Funds will be wired right into your business account.
National and Global property recovered is back in your company's account usually within 6-12 months.