New York State Oversees Billions in Unclaimed Funds

1:42 PM, May 16, 2013   |    comments
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ALBANY - Banks, insurance companies, and other financial institutions are required by law to turn over the contents of inactive or abandoned accounts. It turns out that more than 14 million New Yorkers have money waiting to be claimed, according to a database posted on the website of the Rochester Democrat & Chronicle.

The New York State Comptroller's office is overseeing $12 billion dollars worth of unclaimed funds. The Democrat & Chronicle's searchable database will show if you are owed as little as $3 since 1985.

To file a claim for one of these accounts, visit the Comptroller's website. A person can also make a claim through the mail: The New York State Comptroller's Office of Unclaimed Funds, 110 State Street, Albany, NY 12236. For accounts prior to 1985 or for amounts under $20, people can call the comptroller's office to see if any money is due to them: 1-800-221-9311

Rochester Democrat & Chronicle

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