Unclaimed Funds – Gift Cards and Gift Certificates
Consumers spent consumers spent $80 billion on gift cards and certificates last year, the majority of which were purchased during the Christmas holiday season. Approximately 5-10% – $4 to $8 billion worth – are lost or never redeemed.
Despite the fact many gift certificates, stored value and card gift cards are issued with expiration dates, a growing number of states have now banned the imposition of service charges and the imposition of a time limit on use. ► Hundreds of thousands of consumers who have failed to redeem certificates or fully use gift cards may be entitled to refunds, even though a certificate or card may have been lost, destroyed or expired.
To search for unclaimed funds arising from lost or unused gift cards and gift certificates complete the form below.