You may have money you don't know about

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PEORIA, Ariz. – A Peoria father says the State of Arizona may have stolen his 13-year-old daughter's savings account so he contacted 3 On Your Side for help.

I sat down with 13-year-old Maggie Griffin and discovered she's pretty smart when it comes to schoolwork and money.

In fact, she does whatever she can around the house to earn her allowance.  "I had to clean by room, make my bed, and clean the bathroom," she says to get her weekly allowance.

According to Glenn Griffin, Maggie's dad, she always seems to be around to collect her earnings. "Well, I think my wife and I have always been telling our kids to save money for a rainy day," Glenn says.

That's just what Maggie had been doing. She even had a savings account at a Chase Bank in Peoria where she eventually saved and deposited $75 but Maggie and her dad recently discovered that her bank account had been closed and all $75.00 was transferred over to Arizona's Department of Revenue. 

Glenn says, "I think everyone in Arizona should know about this because it is bordering on illegal.  You don't know your money is being taken."

Taken? Yes.  Illegal? Absolutely not.  After I got involved, I showed Glenn and Maggie a website called WWW.MissingMoney.Com   After putting in Maggie's name, we found her $75 was in fact transferred over to the Arizona Department of Revenue where it's safely being held.

The reason?  Maggie's Chase bank account had been deemed inactive because she hadn't made a deposit or withdrawal in three years but Maggie and her dad don't agree with this rule. 

Glenn says, "Just because it is inactive, doesn't mean it has the right to be taken by anyone. The State of Arizona should not have that authority to take somebody's money.

However, not only does Arizona have the authority, but Arizona is required to take dormant accounts and safely hold on to them until they are claimed by their rightful owner.

That's why I recommend checking the website www.missingmoney.com/, to check Arizona and other states you may have lived in to see if you have money from accounts you could have forgotten about. 

Even when I checked out the website a few years ago, I discovered that an insurance company from a previous employer in Texas had mailed a premium overpayment to the State of Texas Treasure's Office.  It was only $50 but I got it back after contacting Texas.

Remember, the Arizona Department of Revenue and revenue departments in other states will require you to provide them with documentation including copies of your driver's license and social security card to prove your identity. They just need to ensure you are the rightful owner who is claiming the funds.

I am currently helping Maggie and her dad get her $75 returned from the Arizona Department of Revenue.

Recommended website: www.missingmoney.com.