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Rep. Andersson Urges Residents to Utilize I-Cash Databse

The Illinois I-Cash program seeks to reunite Illinois residents with their unclaimed property. This program is an initiative of the Illinois Treasurer’s Office, who is the custodian of any unclaimed property in the state. Unclaimed property can be anything from lost bank accounts, insurance policy proceeds, or forgotten safe deposit boxes—all of which is surrendered to the state if it cannot be returned to its owners after five years.

According to the Illinois State Treasurer, Michael Frerichs, thousands of items are surrendered each year. Consequently, Frerichs recommends checking the I-Cash database every six months. There is no cost to checking your information in the I-Cash system, and it is important to ensure you don’t have any unclaimed property under your name.

In the last fiscal year the Treasurer’s Office returned a record setting $155 million in forgotten cash and stock, the largest sum in the program’s 55 year history.

State Rep. Steve Andersson’s District Office has worked diligently to track down constituents who have unclaimed assets through the I-Cash system. “My office has helped several residents claim money and assets that they didn’t realize they even had,” said Andersson. “This is a good program that helps put money back in the hands of its rightful owners.”

While some may be weary of using the online database due to the recent surge in identity fraud and online scams, residents can rest assured this is secure system and an official program in the state of Illinois created to help Illinois residents.

Rep. Andersson encourages all area residents to search the I-Cash database for unclaimed property. Should you have any questions about the I-Cash system, or if you need help navigating the online database, contact Rep. Andersson’s district office at (630) 457-5460.

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