Reuniting Owners with Lost Money

Reuniting Owners with Lost Money

State Comptroller DiNapoli oversees more than 46 million accounts in Unclaimed Funds valued at $17.5 billion that are waiting to be claimed by their rightful owners. Most unclaimed funds come from old bank accounts. After an account has been inactive for three years, banks are required to try to contact the account holder. If they are unsuccessful, the bank turns the money over to the State. On average, we return $1.5 million a day.

Searching for accounts is easy and free, and can be done online or over the phone. Check to see if there are any claims in your name. You can also check for the names of friends and relatives, places of worship or any groups, businesses or organizations with which you are affiliated. Call 1-800-221-9311 (M-F) or visit https://www.osc.state.ny.us/unclaimed-funds to learn if you have money to claim.

Author: Harlem Valley News