In October, more than 66,000 people will receive up to $5,000 from the state’s Unclaimed Property program, provided by Illinois. If you live in the state and want to know how to qualify and how to pay if you qualify, at Otium we explain in detail about stimulus checks.
It is worth mentioning that these stimulus checks have the main purpose of grouping citizens with funds and assets held by the state that have remained inactive or forgotten in recent years.
How much are Illinois stimulus checks worth?
According to the Treasurer of the State of Illinois, Michael Frerichs, through the General Assembly of the state, the refund limit was raised from US$2,000 to US$5,000. It should be noted that Illinois has more than $3.5 billion in unclaimed property. To find out if you have unclaimed property, check the online database at www.illinoistreasurer.gov/ICASH
What do you need to receive the refund?
To qualify for the State of Illinois Unclaimed Property Program, you must meet certain criteria.
- Residents: You must be a current resident of the state of Illinois, but if you live in the state, you can also receive your check.
- Heir: The fund can be claimed by relatives or beneficiaries in the same family line as the deceased.
How do I claim a refund?
In fact, you don’t have to do anything to collect your refund up to $5,000; just check your email. Because?
The system identifies a corresponding name and mailing address, and upon confirmation, the owner of the unclaimed property will receive a letter from the Treasurer’s Office describing the amount and source of the money.
Once the additional security step is completed, a check will only be issued to the owner. You should pay attention to email.
How do they deliver stimulus checks?
Checks can come from four different sources:
- Unearned Wages
- Insurance policies
- Forgotten bank accounts
- Public service deposits.