$347 million in unclaimed funds returned to New Yorkers
A record $347 million in unclaimed funds were paid to their rightful owners since July 2012, New York State Comptroller Thomas DiNapoli announced Monday.
“These are tough economic times and every dollar counts,” DiNapoli said in a statement, adding, “This money belongs to New Yorkers and we want to give it back.”
The number of unclaimed funds returned increased more than 10 percent since the previous fiscal year, by $33 million.
After three years, banks, insurance companies and other business surrender money from inactive accounts to the Comptroller’s office.
A third of the unclaimed funds come from inactive bank accounts and the state is still holding $12.5 billion from ‘lost or forgotten’ accounts.
DiNapoli asks New Yorkers to visit the Comptroller’s website or call 1-800-221-9311 to find out if they are owed unclaimed funds.
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