The Tennessee Department of Treasury, Unclaimed Property Division returned a record $125 million of missing cash money to the rightful owners or their heirs during fiscal year 2025. This milestone is double the $62.5 million paid out last year, and exceeds the previous record of $68.7 million by more than 80%.
The Division also processed an unprecedented number of individual claims. From July 1, 2024, to June 30, 2025, over 168,000 claims were paid, more than doubling the previous high of 78,305 in FY 2024.
Unclaimed property is money that has been turned over to the State by businesses and organizations unable to locate the rightful owners, such as utility refunds, uncashed paychecks, credit balances for overpayments, rental deposit refunds, gift certificates, securities, and abandoned bank accounts. The Unclaimed Property program, authorized by the Tennessee General Assembly, is a consumer protection program of the Department of Treasury that works to reunite this missing money with its rightful owner…