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: , , ,

Jennie Fragnoli Hadeka, 95

Jennie F. Hadeka Jennie Fragnoli Hadeka, age 95, of Granville died Friday, August 15, 2014 at Indian River Nursing And […]

Frank E. Holman, Sr., 82

Frank E. Holman, Sr., 82, of Maple Street, passed away on Sunday, August 17, 2014 peacefully at his home of […]

North Country Freepress – 08/15/14

Lakes Region Freepress 08/15/14

Lakes Classifieds – 08/15/14

Northshire Freepress 08/15/14

Classifieds 08/13/14

Brick church to host annual service

The East Whitehall Brick Church has been closed for many years now, but annually the church holds a summer service. […]

Church to host music festival

Out of the Box Worship Center will be holding a free Christian music concert at Skenesborough Parkon Saturday, Aug. 16 […]

Airtight to perform Friday in Whitehall

The four-part classic rock band, Airtight, will be next to perform for the Whitehall crowd at the summer concert series. […]

Village to hold hearing on proposed parking changes

During a special meeting on August 4, the Whitehall Village Board introduced a potential new parking law and scheduled a […]

Village receives figures in repairs

The Whitehall Wastewater Treatment Plant and the Riverside Veteran’s Memorial Park both have some fixtures that need to be refurbished […]