New York holding over $18 billion in unclaimed funds

New York is currently holding over $18 billion in unclaimed funds, according to the office of State Comptroller Thomas DiNapoli.
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New York is currently holding over $18 billion in unclaimed funds, according to the office of State Comptroller Thomas DiNapoli.

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ALBANY — The state currently holds over $18.4 billion in unclaimed funds from over 46 million accounts, according to New York State Comptroller Thomas DiNapoli.

Staff members from the comptroller’s office will be attending community events throughout the state in July to provide information and assistance to residents regarding unclaimed funds, including free one-on-one sessions where residents can receive help searching for their unclaimed funds and filing claims.

Representatives from the comptroller’s office will be in attendance at Schenectady Family Fun Day in Steinmetz Park from noon to 3:00 p.m. on July 22 and at Coffee and a Movie at the Albany Public Library from 1 to 2 p.m. on Wednesday.

“My office makes every effort to connect New Yorkers with their lost money,” DiNapoli said in a statement. “By joining and holding events across the state we can help individuals, companies, nonprofits and municipalities check for unclaimed funds and get their money back to them quickly and easily. To date, over $223 million has been returned this year, and we hope to help more New Yorkers in July.”

Residents can also access an online database administered by the comptroller’s office to see if they have any unclaimed funds waiting for them, with the funds originating from sources including utility deposits, trust funds, old bank accounts, uncashed checks, old investment accounts, insurance claims, stocks and additional inactive accounts. The state can trace lost money from accounts that date back several decades.

New York residents who cannot attend community events can search for and claim their money by utilizing the online claim system or by calling 1-800-221-9311.

Contact Ted Remsnyder at [email protected]. Follow him on Twitter at @TedRemsnyder.

By Ted Remsnyder

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