07/17/2024 | Press release | Distributed by Public on 07/18/2024 00:37
The division will have a booth available in the Department of Commerce's "Commerce House" inside the Bricker Building, which is located in the middle of the fairgrounds. (Click hereto view a map of the fairgrounds.)
During the 2023 Ohio State Fair, more than 1,000 claimants found a total of $322,729.94 while visiting the Unclaimed Funds booth. One fairgoer found more than $50,000, while another found more than $28,000 in unclaimed funds. The average claim discovered during last year's fair was over $300.
Staff from the Division of Unclaimed Funds will be on hand throughout the fair to walk visitors through the process of searching for their missing money and claiming those funds, as well as to answer any questions they may have about the process involved.
"The Ohio State Fair is our largest in-person outreach event and is something we look forward to each year," Division Superintendent Akil Hardy said. "Last year, we were successful in helping Ohioans find more than $322,000, and this year, our team hopes to help fairgoers find even more missing money."
Unclaimed funds are lost or forgotten money that businesses and banks report to the Division after accounts become inactive, typically 3-5 years. The money comes from inactive checking and saving accounts, refund/credit balances, uncashed cashier's checks, stocks and bonds, forgotten utility deposits or last paychecks.
The division is currently safeguarding approximately $4 billion in unclaimed funds. Ohioans can claim their unclaimed funds at any time with three simple steps:
While visiting the Commerce House, fairgoers can also learn all about the Department of Commerceand its various divisions and programs. The Commerce Housewill feature a number of items, including its popular bottle lottery, fire extinguisher simulator, homebuyer checklist, and fun giveaways.
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About the Division of Unclaimed Funds
The Division of Unclaimed Funds is part of the Ohio Department of Commerce. The department is Ohio's chief regulatory agency, focused on promoting prosperity and protecting what matters most to Ohioans. We ensure businesses follow the laws that help them create jobs and keep Ohioans safe. To learn more about what we do, visit our website at com.ohio.gov.