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Treasury says new Money Match letters, vault auctions and outreach boosted unclaimed property returns
Summary
Treasury testimony highlighted record unclaimed‑property returns in 2024, the new Pennsylvania Money Match pilot to auto‑issue claims up to $500, and ongoing outreach including vault tours and twice‑annual auctions.
The Pennsylvania Treasury told the House Appropriations Committee it returned a record $272 million in unclaimed property in calendar 2024 and has moved to accelerate payments through a new program called Pennsylvania Money Match.
The program, enacted as Act 81 of 2024, allows the Treasury to issue up to $500 automatically to single account owners without a claim; the department sent an initial batch of about 8,500 letters in January and plans to send about 40,000 each quarter.
Treasury officials said the office also runs outreach events across the state, operates the nation’s largest working vault, and stages two online auctions a year for property that remains unclaimed after statutory searches. "Pennsylvania Money Match…
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