New York is taking actions to return money to residents.
New York has money to give it’s residents. Read on to find out how much and where the money is and even how you can claim yours.
This fiscal year New York is expected to recover about $150 million in unclaimed property, state Comptroller Alan Hevesi said recently. Unclaimed funds currently total $7.2 billion.
What is this unclaimed property? It is funds which have not been claimed or are considered abandoned. The sources include old bank accounts, telephone or utility deposits, uncashed checks, insurance benefits and policies and wages. These assets are sent to the comptroller’s office, which then searches for the rightful owner.
Residents can claim the lost funds from the comptroller’s office. They are asked to call (800) 221-9311. Searches for missing funds can be done through the comptroller’s Web site or a national site called CashUnclaimed.com.
