Pennsylvania Sends $1.7 Million in First Money Match Checks

Pennsylvania has launched the Pennsylvania Money Match program, which automatically returns unclaimed property to residents. The first batch of checks, totaling over $1.7 million, is being sent to more than 7,000 individuals who may not even realize they had unclaimed funds. Treasurer Stacy Garrity emphasized that this initiative simplifies the process, allowing individuals to receive checks for amounts under $500 without needing to navigate the state's treasury website. Legislators believe this program could ultimately return over $10 million in unclaimed property. The Treasury Department currently holds more than $4.5 billion in unclaimed assets, with hopes of expanding the program in the future. The initiative is being hailed as a significant step toward improving access to unclaimed funds for Pennsylvanians.