Residents might have unclaimed funds

N ew York State Comptroller Thomas P. DiNapoli today is urging New Yorkers to see if any of the $12.5 billion in lost and forgotten money currently being held by his office could be theirs.

More than 30 million accounts are unclaimed in New York, some dating back to the 1940s. An interactive map created by DiNapoli’s office shows the number of outstanding accounts and monetary values by county.

“Every New Yorker should visit our website to see if my office is holding any money in their name. It’s likely that some of the $12.5 billion in unclaimed funds belongs to you, a family member or friend,” said DiNapoli. “Fortunately, it is easier than ever to search for and claim lost money. Just a few minutes on our website is often all it takes to reclaim what is rightfully yours.”

A large portion of unclaimed funds derives from dormant bank accounts, uncashed checks, insurance accounts and stocks. The money is turned over by financial institutions and companies to DiNapoli’s office to manage after a period of dormancy, usually three years. Although the average claim paid is less than $100, the largest account currently being held by DiNapoli’s office for an individual is $1.7 million.

On average, DiNapoli’s office returns $1 million a day. In most cases, checks are sent to owners within 3-5 days after a claim is submitted. Some claims, such as those involving estates, may require more paperwork to claim.

New Yorkers can search for lost money for free by visiting the Office of Unclaimed Funds’ website or by calling the call center toll-free at 1-800-221-9311. More than 5,500 visitors access the website each day, and more than 500 callers contact the call center to search for lost money.

Comments

comments

Read more in this week's Sentinel in newsstands now or click here to read right now with our e-edition.

Read more in this week's Times in newsstands now or click here to read right now with our e-edition.

Tags: , , ,

Northshire Freepress 12/19/14

North Country Freepress – 12/19/14

Weekender 12/12/14

Lakes Region Freepress 12/19/14

Classifieds 12/17/14

Girls fall to Greenwich in opener

A stingy defense was too much for Granville to overcome in season opener Friday night. Granville was held to seven […]

Girls compete with Cougars

The Whitehall girls’ basketball team (0-3) is still seeking its first win of the season. However, the girls stuck with […]

Boys’ hoops handed first loss

After leaping out to a 2-0 start, the Whitehall boys’ basketball team was grounded at North Warren, 65-43. To say […]

Main Street rebounding, says dog salon owner

Dog Salon

By Dan King Malin Shepherd’s new dog salon on Main Street is a sign, she says, that the street is […]

What are you drinking?

Whitehall water

By Dan King If you live in the Village of Whitehall, your drinking water is perfectly healthy. That’s what the […]

Dared by friends, she write a novel

Author

By Derek Liebig It started with a dare. A few years ago, Granville resident Michele Sargent was having lunch with […]

Town to host hearing on fire protection

By Derek Liebig The town board will hold a public hearing later this month on proposed contracts for fire protection […]