State Treasurer Clint Zweifel installs Unclaimed Property Search Kiosk in O’Fallon license office
Kiosk allows license office customers to search for their share of $700 million
For Immediate Release
Wednesday, May 16, 2012
O’FALLON, Mo. – Do you have to renew your driver’s license or license plates? Why not search for Unclaimed Property while you wait? State Treasurer Clint Zweifel (ZWY-ful) today unveiled and demonstrated his Unclaimed Property Search Kiosk at the O’Fallon Department of Revenue License Office at 2421 Highway K.
The kiosk, developed by Treasurer Zweifel, makes the O’Fallon license office a one-stop shop by allowing people to search for Unclaimed Property and begin the claims process while completing their business at the license office. Missouri is one of the first states in the nation to offer this service. There is nearly $700 million in more than 4.3 million accounts waiting to be claimed. Of that, $208 million in 1.2 million accounts belongs to people in the St. Louis region.
“I am constantly seeking new ways to make it easier for Missourians to find and claim their Unclaimed Property, and these Unclaimed Property Search Kiosks are about as easy as it gets,” Treasurer Zweifel said. “Since the kiosks were first installed in January of 2011, more than 830 claims have been filed worth more than $125,000. Customer service isn’t just answering a phone, it is about interacting with the taxpayers we serve and making sure the process is convenient for them. The kiosk is innovation that does just that.”
The kiosk, previously in Columbia, Mo., provides an easy step-by-step process for searching and claiming property, and provides a portal to the online search system for Missourians who may not have home Internet access. More than 50 percent of all claims can be filed paperlessly, and record numbers of Missourians are receiving property because of the ability to quickly and easily file claims online. If a claim requires paperwork, the kiosk offers options to have it mailed directly to the user. All searches and claims are conducted in a safe and secure manner, free of charge. O’Fallon is the third city is Missouri to house a kiosk. Another kiosk is in Joplin, Mo.
The O’Fallon license office business hours are Monday through Friday 9 a.m. to 5 p.m. and Saturday 9 a.m. to 1 p.m.
Treasurer Zweifel has returned nearly $117 million to more than 362,000 account owners since January 2009. During that time frame, what is believed to be the largest single return in the nation, $6.1 million, was made to a Kansas City area woman.
Missourians can visit www.ShowMeMoney.com 24 hours a day, seven days a week to search for Unclaimed Property that belongs to them.
Photo– State Treasurer Clint Zweifel demonstrated the newly installed Unclaimed Property Search Kiosk at the O'Fallon Department of Revenue License Office for media and office patrons. There is nearly $700 million in Unclaimed Property waiting for more than 4.3 million account holders in Missouri. Treasurer Zweifel is using the Unclaimed Property Search Kiosks to make it easier for Missourians to claim their property, more than 830 claims have been filed worth more than $125,000 to date.
About Treasurer Zweifel’s Unclaimed Property
State law requires financial institutions, insurance companies, public agencies and other business entities to turn over assets to Treasurer Zweifel’s office that belong to a customer, client, employee or other owner if there have been no documented transactions or contact with the owner for five or more years. Most Unclaimed Property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned. It also can include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs. Treasurer Zweifel’s office does not handle real property such as land, houses, cars and boats. There is $700 million in Unclaimed Property maintained by Treasurer Zweifel. Treasurer Zweifel never charges for the return of Unclaimed Property.