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:

Lakes Region Freepress – 12/09/16

North Country Freepress – 12/09/16

Northshire Freepress – 12/09/16

Lakes Classifieds – 12/09/16

Mini-Mall returns Saturday

Mini-Mall - Tree House

By Serena Kovalosky The Whitehall Mini-Mall is back and organizers say it’s going to be better than ever. Sponsored by […]

Carolers to bring joy to village

caroling

By Krystle S. Morey Nearly 100 carolers will take to the streets of Granville next Thursday to drum up some […]

Tree lighting event ‘biggest yet’

People of all ages came out to enjoy the tree lighting in 2009.

By Krystle S. Morey Some 2,000 people from across the region ventured to Granville last Friday for the village’s annual […]

Whitehall hosting holiday decorating contest

Christmas Lights

The Whitehall Chamber of Commerce invites all town and village residents and businesses to get out their Christmas lights and […]

Classifieds 12/07/16

Weekender – 12/02/16

North Country Freepress – 12/02/16

Lakes Classifieds – 12/02/16