Escheated Funds are sent to the state governments of the members last known address, this can happen at a few different times throughout the year but for members who live most states (Oregon, Washington, Idaho and California included) those funds will be sent on October 31st, or the closest business day to October 31st. For members who live in Oregon, they never lose their right to reclaim escheated funds.
Unfortunately, there is no single set of rules all states must follow when implementing escheat procedures which can lead to some confusion about what to tell members who ask about how they can get their escheated funds back.
If a member’s last known address is in Oregon then they would need to contact the Department of State Lands of Oregon. For a member from Washington, the state has set up a website to help expedite electronic claims, that site is www.claimyourcash.org. Since there is no single set of rules it’s difficult to have a single answer so don’t hesitate to reach out to the Back Office with any questions about the escheat process.