Could the State of Texas Be Holding Your Money? A Guide for Lubbock Residents

The State of Texas could be holding money that belongs to you. Through its unclaimed property program, Texas safeguards funds that have been lost, forgotten, or left behind. For residents in Lubbock, this could mean anything from an old utility deposit to a forgotten bank account.

Read More: Key Tips For Selling Your Home Successfully In Lubbock

What Counts As Unclaimed Property

Unclaimed property includes a wide range of financial assets. Common examples include uncashed paychecks, insurance payouts, refunds, and dormant bank accounts. When a business cannot reach the rightful owner for a certain period of time, the funds are turned over to the state for safekeeping (and Texas does get a financial windfall on the interest).

How to Check If You Are Owed Money

Searching for unclaimed property in Texas is simple and free. Residents can visit the official state website and enter their name or business name. It only takes a few minutes, and many people are surprised to find funds tied to old addresses or previous employers.

Read More: Famous Lubbock True Crimes: The Scott Dunn Case

How to Claim Your Money

If you find a match, you can file a claim online. The process typically involves verifying your identity and providing documentation that proves ownership. Once approved, the state will issue payment directly to you. When I found unclaimed money, I just had to have a notary witness my document. It was easy.

Why It Matters

Millions of dollars in unclaimed property are returned to Texans every year. Taking a few minutes to search could result in money you did not even know you had. For Lubbock residents, it is a simple step that could pay off.