• Changing the address and not informing financial institution
• Deceased original owner might not have any heir or they are unaware of the unclaimed proceeds
• Marriage break up
• Businesses going bankrupt
• Post office errors
• Misspelled name

Ohio state government maintains a list of people who have unclaimed property proceeds. They publish it regularly in newspapers and state run trade shows. Unclaimed funds which have been lying with the state for less than 2 years might not feature on their online search results. It is best to get in touch with the state officials directly to seek information on unclaimed property in Ohio. Property in Ohio becomes unclaimed within 1-5 years. The dormancy period or the maximum holding period depends on the type of property held by the holding institution. After the expiry of the holding period, these are passed on to the state government of Ohio. Claimants can only claim them through the state government and not from the holding institution. As a part of due diligence and compliance, before declaring the accounts as unclaimed, holding institutions have to notify the owners on their last known communication address.

There is no time limit to claim for the unclaimed property in Ohio. The prospective claimants have to file the claim and support it with requisite documents as suggested by the state government of Ohio. Claims in Ohio can be filed by the owner or their legal representatives. So why any claimant not like to claim his or her hard would earned money and support their financial needs? Act smart and claim your money from the state of Ohio for free.