Report Unclaimed Property

Reuniting rightful owners with their property

FILING THE REPORT

All reports must be submitted electronically in the NAUPA format. Paper reports will not be accepted.

South Carolina does not require negative reports.

South Carolina will not accept safe deposit box contents this report year.

Dormancy Periods

Property that has been unclaimed for the dormancy period specific to that property type as of June 30 is reportable by November 1. 

Click here to view Dormancy Periods

Click here for Report Conversion Table

Due Diligence Requirements
No more than one hundred twenty days before the holder files their report, the holder must send a written notice to the apparent owner stating that the holder is in possession of property which has been deemed abandoned and will be remitted to the state as unclaimed if the apparent owner does not reply. Due diligence notices need only be sent for accounts of $50 or more and do not need to be sent to those owners for whom the address on the holder’s records has been proven to be incorrect.

Click here for a Sample Due Diligence Letter (16KB)

Reporting Codes
Property type codes, owner type codes and relationship codes are required.

View Reporting Codes

Property Reportable To Another State
South Carolina will accept incidental property (ten or fewer properties, totaling $1,000 or less) reportable to another state only if allowed by the other state. Please refer to the NAUPA Reciprocity Matrix for state specific information. IMPORTANT – If you include unclaimed property reportable to other states in your South Carolina report, you must comply with unclaimed property laws of the states of last known address in reporting those items.


CREATING THE REPORT

Paper reports will not be accepted. To protect the confidentiality of owner information, all reports must be submitted on CD, flash drive or via e-mail in the NAUPA electronic format and must be encrypted or password protected. (Excel files do not meet this requirement). There are several options available to assist you in creating a NAUPA formatted file:

Safe deposit box contents are not accepted.

1. USE UPEXCHANGE, THE FREE EASY TO USE HOLDER REPORTING SOFTWARE exclusively endorsed by NAUPA. With free training and support, UPExchange makes unclaimed property reporting easier and more efficient. UPExchange produces an encrypted NAUPA formatted file that is accepted by all states. Go to the ETM WEBSITE to access UPExchange.

a.Once you have completed the free UPExchange registration, you will have access to an instructional video, a user’s guide and other helpful resources.

b. For more detailed instruction, you can register for a free live webinar OR view a past webinar at your convenience. For a schedule of webinars, or to view a previously recorded webinar, click here.

2. Use other available unclaimed property reporting software to create a NAUPA formatted file.

a. If the software does not create an encrypted file, ask the vendor for options to password protect or otherwise safeguard the data on the file.

3. Create a NAUPA formatted file yourself using the specifications at the NAUPA website unclaimed.org

a. Be sure to encrypt, password protect, or otherwise safeguard the data on the file.


SUBMITTING THE REPORT AND REMITTING THE PROPERTY


All reports and remittance are due before November 1. South Carolina does not require negative reports.

In order to make the reporting process convenient, we offer several methods by which the report can be submitted and the property remitted. To ensure that the report and remittance are matched, it is imperative the procedures for each method are followed EXACTLY as outlined below.

1. Send the encrypted or password protected NAUPA format electronic file on CD or flash drive with the check made out to SC State Treasurer’s Office UPP along with a cover sheet.

a. We will accept either the cover sheet provided by the software or the SC coversheet. The FEIN Number, company name, address and holder contact information must be included on the cover sheet.

Click here for address information

2. E-mail the encrypted or password protected NAUPA formatted electronic file, Coversheet and, Remittance Information Form to upreports@sto.sc.gov. For password protected files, send the password in a separate e-mail to upreports@sto.sc.gov

Cs Annual Report


a. Files received that are not in the NAUPA electronic format will be returned. Excel and pdf files are not NAUPA formatted electronic files and therefore will not be accepted.

b. Remit the property for e-mailed reports by one of the following methods:

- ACH Click Here for ACH remittance instructions
- Bank Wire Click Here for wire remittance instructions
- Bank Check Click Here for bank check remittance instructions

3. Send the encrypted or password protected NAUPA file on CD or flash drive via US Postal Service or courier and electronically remit the funds.

a. Files received that are not in the NAUPA electronic format will be returned. Excel and pdf files are not NAUPA formatted electronic files and therefore will not be accepted.
b. Remit the property by one of the following methods:

- ACH Click Here for ACH remittance instructions
- Bank Wire Click Here for wire remittance instructions

4. Report electronically in one step through the ETM website

a. A processing fee will be charged by ETM for the electronic transmission of the encrypted NAUPA file.
b. Click Here for details


DELIVERING SECURITIES

Eligible securities should be delivered to the Unclaimed Property Program’s brokerage account. Click Here for delivery instructions. All other securities should be registered in the name of theSouth Carolina State Treasurer, Unclaimed Property Program and sent with the report.


FOR ASSISTANCE

If you have questions or need assistance filing an unclaimed property report, please feel free to contact us at (803) 737-4771 or CLICK HERE to send an email to the Palmetto Payback Staff.