MYRTLE BEACH — Residents in Horry and Georgetown counties wondering if they might have unclaimed cash can find out on Monday.
South Carolina State Treasurer Curtis Loftis’ Palmetto Payback Hometown Tour is hitting the Grand Strand, and giving locals the opportunity to reclaim property like utility deposits, dormant bank accounts, old life insurance policies, stock and uncashed payroll checks.
The event goes from noon to 2 p.m. at the World Life Christian Fellowship Church, located at 7840 U.S. 701 in the Bucksport Community, near Conway.
From there, it moves to the Georgetown County Judicial Center, located at 401 Cleland St., in Georgetown. It runs from 4 to 6 p.m.
“If they show up and they give us their name, we’ll do an instant search,” Loftis said. He added having a business card or driver’s license handy can help with proper spelling of people’s names.
According to a press release, the state of S.C. is holding around 1.5 million accounts totaling $300 million.
Loftis said this payback program has been in place for decades but the tours only recently started because the treasurer’s office wasn’t seeing enough people come to reclaim their property.
The tours have been to a half-dozen cities across the state, and crowds range from 50 to 350 people, Loftis said. Traffic jams even resulted when it came through Summerville, he added.
“It’s hard times, and if people think they’ll have some money coming to them, they will come,” Loftis said.
Sitting in Loftis’ briefcase, he said, is a 12-page long list of S.C. residents owed over $100,000. The treasurer wanted to spend the weekend going through that list to find out how many there are for sure, and where they’re located.
In 2011, the treasurer’s office returned about $13 million, Loftis said. Over the last 10 years, it’s given back $80 million.
One of those recipients was Rep. Carl Anderson, D-Georgetown, who is hosting Monday’s payback.
“In these tough economic times, knowing there’s $300 million out there to be claimed, I cannot wait to spread the word across my district,” Anderson said in a statement.
Contact BRAD DICKERSON at 626-0301.