New York State Comptroller Tom DiNapoli is continuing to promote an initiative to help New Yorkers get back lost money from the state.
There is $1.5 million returned to the state each year and the state Comptroller’s Office holds more than 49 million unclaimed funds accounts that are valued at a total of $18.4 billion as of last month.
Unclaimed funds come from utility deposits, trust funds, old bank accounts, uncashed checks, old investment accounts, insurance claims, stocks and other inactive accounts that have remained dormant for several years. The Comptroller’s Office reports it can trace lost money that dates back several decades.
To help distribute the lost money to those who are owed, DiNapoli’s office will hold a series of community events throughout the state to provide information and assistance to residents who are owed.
“My office holds billions of dollars in unclaimed funds, and we want to make sure that every New Yorker has the opportunity to access their rightful money,” DiNapoli said in a statement. “Our team is committed to providing the resources and support necessary to help individuals get back their lost money.”
According to state data:
- In Schenectady County, 69,306 accounts are owed $34,431,164
- In Albany County, 139,482 accounts are owed $77,255,641
- In Saratoga County, 79,142 accounts are owed $31,568,377
- In Fulton County, 15,994 accounts are owed $7,549,656
- In Montgomery County, 18,476 accounts are owed $8,212,314
- In Schoharie County, 8,445 accounts are owed $3,382,983
New York residents can use a search database and submit claim documents online. Additionally, DiNapoli’s office will hold an event on June 21 at the Albany Public Library to provide assistance on unclaimed funds, including free one-on-one sessions with residents.