Pennsylvania

The Pennsylvania Treasury Department administers the state’s unclaimed property program under the Disposition of Abandoned and Unclaimed Property Act. From dormant accounts to outstanding checks, compliance requires diligent recordkeeping, timely reporting, and effective outreach.

Overview of Pennsylvania’s Unclaimed Property Law

Pennsylvania law requires businesses and organizations (“holders”) to report and remit property that has remained unclaimed for a defined dormancy period.

Reportable property types include:

• Checking and savings accounts
• Unclaimed wages and payroll checks
• Investment and retirement accounts
• Stock and dividend proceeds
• Insurance payouts and annuities
• Safe deposit box contents

Once assets meet their dormancy threshold, holders must make good faith efforts to locate owners before reporting to the Pennsylvania Treasury.

Pennsylvania Dormancy Periods

Dormancy timelines vary by property type. Below are common categories:

Due Diligence Requirements in Pennsylvania

Before reporting, holders must attempt to contact apparent owners:

• Mail notice: Send by first-class mail to the last known address at least 60 days prior to reporting, for property valued at $50 or more.‍
• Best practice: Supplemental outreach (email, phone) is encouraged to maximize reunitement success and strengthen audit defense.

Pennsylvania Reporting Deadlines and Requirements

Pennsylvania follows a calendar-year reporting cycle:

• Report Period: January 1 – December 31
• Report and Payment Deadline: April 15

Additional requirements:

• Format: Reports must be filed in NAUPA II format.
• Submission: Electronic filing via the Pennsylvania Treasury Holder Reporting Portal.
• Remittance: Accepted via ACH Credit, Wire Transfer, and Check.
• Negative Reports: Not required, but encouraged if no unclaimed property is due.

Read more about Pennsylvania’s Unclaimed Property Reporting Requirements.

Pennsylvania’s Voluntary Disclosure Program

Businesses that fall behind may participate in Pennsylvania’s Voluntary Disclosure Agreement (VDA) program.

Program benefits:

• Report past-due property without penalties or interest.
• Treasury-assisted self-audit process.
• Structured remediation timeline to clear liabilities.

Eligibility:

• Holder is voluntarily disclosing past-due property from prior years (non-reporting or underreporting).
• Holder is not currently under audit or self-audit by the Pennsylvania Treasury.
• Holder has not used Treasury’s Voluntary Compliance or Compliance Review Program in the past 10 years (waived for new property types or merger/acquisition situations).

The VDA program is particularly helpful for companies taking their first steps toward compliance.

How Eisen Helps You Stay Compliant in Pennsylvania

Eisen simplifies Pennsylvania compliance with tools designed to cover every stage of the escheatment lifecycle:

• Escheatment Manager – Tracks dormancy, flags eligible property, and generates Pennsylvania-compliant reports in NAUPA format.
• Outreach Manager – Automates due diligence notices and integrates with communication systems for stronger recontact results.
• Disbursement Manager – Handles secure, auditable payments (ACH, check, wire) to reduce reportable liabilities.

We also support complex asset categories such as healthcare balances and investment accounts that face heightened state scrutiny.

Transform Pennsylvania Compliance Into a Strategic Asset

Pennsylvania’s escheatment rules can be demanding, but with Eisen, compliance becomes an opportunity to reinforce operational resilience and customer trust. We help you minimize risk, simplify year-end reporting, and build a consistent compliance framework across all jurisdictions.

Discover how Eisen’s escheatment services can streamline your unclaimed property operations in Pennsylvania and across the country. Managing obligations in multiple states? Explore our complete guide to escheatment laws by state.