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: , , ,

Weekender – 08/28/15

Lakes Classifieds – 08/28/15

Lakes Region Freepress – 08/28/15

Northshire Freepress – 08/28/15

Classifieds 08/27/15

Washington County Fair in full swing

407624_345593242132090_322483287_n

By Linda Ellingsworth There’s still plenty of time to experience the excitement of the Washington County Fair. A celebration of […]

Coin drops hurt by bridge work

Bridge

By Dan King Those who volunteer their time to serve the people of Whitehall say their coin drop operations have […]

Working together: town, village fixing waterline

DSC_1921

By Dan King For the past week and a half the town and village of Whitehall have been working together […]

Washington County Board opposes Common Core

Schulz 2

By Dan King The third time was indeed a charm for Hartford Supervisor Dana Haff and activist Bob Schulz. Haff […]

Townwide sale next weekend

Lawn sale 006

By Dan King Bargain seekers will converge on Whitehall Labor Day Weekend, as they seek the best deals around. The […]

Three vying for public safety position

By Christina Scanlon Washington County supervisors have narrowed the field to three candidates for county public safety director and will […]

Recycled teens applauded

By Christina Scanlon Nine honorary members of the Mettowee Valley Senior Citizens were honored last week at a luncheon filled […]