New York is a national leader in returning lost money to its rightful owners, last year returning $504 million. State Comptroller DiNapoli currently oversees $19 billion in unclaimed funds for over 51 million account holders until it can be returned to its rightful owners. His Office of Unclaimed Funds returns an average of $1.5 million to New Yorkers each business day and regularly travels the State connecting individuals, organizations and local governments with their lost funds.
Banks, insurance companies, corporations and the courts are among the many organizations required by law to report dormant accounts to the State Comptroller. These organizations must attempt to notify account holders by mail and publish the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller.
Types of unclaimed funds:
- dividends;
- court funds;
- estate proceeds;
- insurance benefits / policies
- stocks, bonds, mutual funds;
- telephone / utility/ seecurity deposits;
- bank accounts – savings, checking and CDs
Check and see if you, your family or friends have lost money by visiting here! It is free and easy to claim.
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