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:

North Country Freepress – 05/19/17

FreePress_5_19_17.pdf-web.pdf

Weekender – 05/19/17

Weekender 5_19_17.pdf-web.pdf

Northshire Freepress – 05/19/17

Northshire_5_19_17.pdf-web.pdf

Lakes Region Freepress – 05/19/17

Lakes_5_19_17.pdf-web.pdf

518 Wheels – 05/18/17

518 Wheels 5-15-17.pdf-web.pdf

Senior Times – May 2017

Senior Times May 2017.pdf-web.pdf

School budget, board votes are in

school budget vote

By Krystle S. Morey and Mathew Saari Area voters went to the polls Tuesday to vote on spending plans and […]

Granville town-wide sales this weekend

pauquette sale

By Krystle S. Morey After a week of non-stop rain and chilly weather, it looks like the clouds will part […]

Roadblocks hinder Whitehall’s blight fight

Flatiron4

By Matthew Saari It’s a building that should need no introduction to village residents – it sits but a stone’s […]

TD Bank to consolidate; close Main Street store

DSC_0400

By Krystle S. Morey Soon, Granville will have just one TD Bank office. The company has decided to consolidate its […]

Adventurers pause and enjoy Whitehall

Expedition

By Matthew Saari Drivers along County Route 12 on Tuesday afternoon probably saw the most unusual sight: More than a […]

North Country Freepress – 05/12/17

FreePress_5_12_17.pdf-web.pdf