Unclaimed Money Logo

Unclaimed Money New York


Unclaimed Money New York
New York is sitting on a $16.5 billion pool of unclaimed funds. You might want to look through our searchable database to see if any of them are yours. The New York State Comptroller’s Office has amassed a multibillion-dollar wealth over the years, Unclaimed Money that has gone unclaimed and should be returned to its rightful owners.
On the other hand, individuals are responsible for determining whether their name appears in the unclaimed fund’s database and taking the necessary measures to collect the assets. t’s not easy to get that money back. Since a corporation has lost contact with an account holder, the account has gone unclaimed in the first place.
Sometimes, a person moves and doesn’t provide their insurance company with a forwarding address. A utility company may need to repay a security deposit if the client cannot be located. Believe it or not, people sometimes forget about savings accounts or stock purchases they’ve made. Many organizations are required by law to report dormant accounts to the comptroller, including banks, insurance firms, corporations, and the courts.

How Much Unclaimed Money in New York?

The USA Today Network in New York compiles its own unclaimed fund’s database each year using data from the Comptroller’s Office. Whether you type in a name, it will show you if there are any matches. Since 1985, the USA TODAY Network’s database will tell you if you owe as low as $3. The state Comptroller’s Office also has a website where you can see money as small as $20.
The money comes from old bank accounts, which amount to 45 percent of the total. When money sits inactive for years, financial institutions are compelled to send it to the state. The Comptroller’s Office claims to return $1.5 million per day from its 42 million accounts. The greatest payout was $5.2 million, a stock claim.
The greatest amount that has yet to be claimed is almost $8 million for an estate. 70% of claims are for less than $100. The Comptroller’s Office answers additional frequently asked questions about unclaimed assets on its website.
Unclaimed Money Logo

Is There Unclaimed Money In Your Name?

The government may have as much as $58 billion in unclaimed money. Find out if some of it may belong to you or someone you know!