I-Cash is the Illinois State Treasurer’s Unclaimed Property Division. Formerly called Cash Dash, the unclaimed property program was re-named I-Cash in 2012. It connects state residents with unclaimed property. The state currently has $2.1 billion dollars in cash, plus other assets including everything from stocks and CDs, to safe deposit boxes which need to be returned to Illinois residents. One in eight Illinois residents has an asset to be claimed in I-Cash. The largest will claim is $1.8 million. Most assets are transferred to the state after they’ve been inactive for at least five years.
The law that created the unclaimed property program was established in the early 1960’s as a consumer protection initiative. The names of 780,000 additional residents were added to the public web database after the state recently double-checked claims from years 1976 to 1992 – a time period before a computer-system upgrade streamlined the database’s maintenance.
The Treasurer’s office recently posted public notice of the program in the Chicago Sun-Times. Find out if you have unclaimed property here.