Some South Carolinians may soon receive a pleasant surprise in the mail—a check they didn’t know they were owed. Thanks to a new initiative from State Treasurer Curtis Loftis, the Palmetto Payback program is matching qualified unclaimed property with its rightful owners and sending out checks automatically, with no need to file a claim.
The first round of payments, totaling more than $600,000, is being mailed out this week.
“We’ve had great success with traditional claim methods, but Palmetto Payback takes it a step further,” said Treasurer Loftis. “We’re making it easier and more efficient to return money to South Carolinians.”…