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 – 06/23/17

North Country Freepress – 06/23/17

Lakes Region Freepress – 06/23/17

Lakes Classifieds – 06/23/17

Alumnus tells school board: Whitehall falling short

John Diekel

By Matthew Saari Newly minted Air Force Lieutenant John Diekel made an appearance before the Whitehall Board of Education Monday […]

Berke wins Granville School Board runoff

Philip A. Berke

By Krystle S. Morey Philip A. Berke won the ninth and final seat on the Granville Board of Education Tuesday […]

Waters wins Whitehall School Board runoff

Roxanne Waters won the final seat on the Whitehall School Board in a runoff election June 20.

By Matthew Saari Roxanne Waters claimed the ninth and final Whitehall Board of Education seat Tuesday night, garnering 145 votes […]

After more than a year, state audit ‘still ongoing’

The Hook & Ladder is one of the Granville fire companies being audited by the New York State Comptroller's Office.

By Krystle S. Morey More than a year after the village of Granville asked the state to audit its fire […]

Busty’s causes a stir

The owner of Busty's Brew and BBQ in Whitehall decided to edit his sign after receiving flack from local officials.

By Matthew Saari The provocative mascot with her plunging neckline at Busty’s Brew and Barbecue Pit in Whitehall is at […]

Northshire Freepress – 06/16/17

Northshire_6_16_17.pdf-web.pdf

Lakes Region Freepress – 06/16/17

Lakes_6_16_17.pdf-web.pdf

North Country Freepress – 06/16/17

FreePress_6_16_17.pdf-web.pdf