In 2025, thousands of Pennsylvanians are receiving checks of up to $500 through the Pennsylvania Money Match program, a state initiative designed to return unclaimed property to its rightful owners. This program, approved by the Pennsylvania General Assembly and signed into law by Governor Josh Shapiro, simplifies the process of reclaiming forgotten funds like dormant bank accounts, uncashed checks, or insurance payments.
If you’re a Pennsylvania resident, you could be one of the lucky recipients of these payments without needing to file a claim. Here’s everything you need to know about the program, how it works, and how to ensure you don’t miss out on your money.
What Is the Pennsylvania Money Match Program?
The Pennsylvania Money Match program is a state-run effort to return unclaimed property to residents automatically. Unclaimed property includes money or assets that have been forgotten or abandoned, such as:
- Dormant bank accounts
- Uncashed checks
- Forgotten insurance payments
- Unclaimed stocks or dividends
- Contents of abandoned safe deposit boxes
The state holds over $5 billion in unclaimed property, and the Money Match program aims to return a portion of it directly to Pennsylvanians. Unlike traditional methods that require individuals to search for and claim their funds, this program identifies eligible recipients and sends checks automatically for properties valued up to $500.
How the Program Works
The Pennsylvania Treasury Department, led by State Treasurer Stacy Garrity, uses a thorough identification and verification process to locate rightful owners of unclaimed property. Here’s how it works:
- Identification: The Treasury identifies single-owner properties valued at $500 or less.
- Verification: The state confirms the identity and address of the rightful owner.
- Notification: Letters are sent to inform recipients about their unclaimed funds.
- Payment: Checks are mailed automatically, typically within 45 days of the notification letter.
In 2025, the program has already sent out over 39,000 checks worth $9.2 million during the summer, with another round of approximately 40,000 notifications expected in August. Throughout the year, around 80,000 Pennsylvanians are projected to receive these payments.
Why the Money Match Program Matters
The Money Match program is a game-changer for many Pennsylvania families. As Treasurer Stacy Garrity stated, “Every dollar we return to Pennsylvania families is money they can use to buy food, fill up their gas tank, or pay their rent or mortgage.” This initiative cuts through bureaucratic red tape, making it easier for residents to access money that rightfully belongs to them.
Benefits of the Program
Here are the key advantages of the Pennsylvania Money Match program:
| Benefit | Description |
|---|---|
| Automatic Payments | No need to file a claim for properties up to $500. |
| Quick Process | Checks are mailed within weeks of notification. |
| Significant Impact | Funds help cover essential expenses like groceries or bills. |
| Reduces Bureaucracy | Simplifies the process of reclaiming unclaimed property. |
| Large Scale | Over $5 billion in unclaimed property is held by the state. |
Who Is Eligible?
The program targets single-owner properties valued at $500 or less. If you’re a Pennsylvania resident, you may be eligible if you have unclaimed property in your name. The Treasury Department automatically identifies eligible individuals, so you don’t need to take action unless you receive a notification letter. However, properties worth more than $500 or those with multiple owners require a formal claim process through the Treasury’s website.
How to Check for Unclaimed Property
If you haven’t received a notification but suspect you may have unclaimed funds, you can take proactive steps:
- Visit the Treasury Website: Go to patreasury.gov/unclaimed-property to search for unclaimed property.
- Search by Name: Enter your name or the name of a family member to see if funds are available.
- File a Claim: For properties over $500 or with multiple owners, submit a claim with supporting documentation.
- Contact Local Representatives: Some state representatives, like Rep. Ben Waxman, encourage residents to confirm their address to ensure they receive checks.
Legislative Support and Future Expansion
The Money Match program was unanimously supported by the Pennsylvania General Assembly and signed into law by Governor Josh Shapiro in 2024. State Representative Ryan Bizzarro, a key supporter, emphasized, “Anytime we can cut red tape and return money to taxpayers is a reason to celebrate.” There’s also ongoing legislative movement to expand the program. Senate Bill 844 and House Bill 1189 propose increasing the threshold for automatic returns, potentially allowing more Pennsylvanians to benefit.
How to Avoid Scams
With any financial program, scams are a concern. The Money Match program is legitimate, but residents should stay vigilant. Here are tips to avoid fraud:
- Verify the Source: Official notifications come from the Pennsylvania Treasury Department.
- Don’t Share Personal Information: The Treasury will not ask for sensitive details like bank account numbers over the phone.
- Check Official Channels: Use patreasury.gov to confirm program details.
- Report Suspicious Activity: If you suspect a scam, contact the Treasury at 1-800-222-2046.
Comparison with Other State Programs
Pennsylvania’s Money Match program is one of several state-led initiatives to return unclaimed property. At least 14 other states have similar programs, but Pennsylvania’s stands out for its automatic process and unanimous legislative support. Unlike federal stimulus checks, which ended in 2021, this program uses state funds to provide direct financial relief.
No Federal Stimulus Checks in 2025
While the Money Match program is often mistaken for a stimulus check, it’s distinct from federal Economic Impact Payments issued during the COVID-19 pandemic. The IRS has confirmed that no new federal stimulus checks are planned for 2025, though some taxpayers may still claim the 2021 Recovery Rebate Credit by filing a 2021 tax return by April 15, 2025.
Conclusion
The Pennsylvania Money Match program is a fantastic opportunity for residents to reclaim up to $500 in unclaimed property without the hassle of filing claims. With over $5 billion in unclaimed funds held by the state, this initiative is making a real difference for families struggling with everyday expenses. By checking your eligibility, confirming your address, and staying cautious of scams, you can ensure you don’t miss out on money that’s rightfully yours. Keep an eye on your mailbox in August 2025 for notifications, and visit patreasury.gov to search for additional unclaimed property.
FAQs
What is unclaimed property?
Unclaimed property includes forgotten financial assets like dormant bank accounts, uncashed checks, or insurance payments that businesses report to the state after three years of inactivity.
How do I know if I’m eligible for the Money Match program?
If you’re a Pennsylvania resident with single-owner unclaimed property valued at $500 or less, the Treasury will automatically notify you by mail.
Do I need to apply for the $500 payment?
No, the Money Match program automatically sends checks to eligible recipients after verification. For properties over $500, you must file a claim.
How can I check for unclaimed property?
Visit patreasury.gov/unclaimed-property and search by your name to see if you have unclaimed funds.
Is the Money Match program a scam?
No, it’s a legitimate program approved by the Pennsylvania General Assembly. Always verify notifications through official Treasury channels to avoid scams.