Does NY Treasury Have Your Money? $15 Billion In Funds Unclaimed

NEW YORK, NY – Every day the New York Treasury says it returns $1 million in lost funds to those who file a claim – and it has some $15 billion in lost money waiting for its rightful owners.

Lost or unclaimed money in forgotten savings accounts, lost paychecks and stocks or bonds end up being submitted to the the state treasury by organizations required to report dormant accounts. The money lies in the treasury till the right person comes along with a proper claim.

Between April 2016 and March 2017, the treasury has returned over $400 million in unclaimed funds to New York residents. During that same time period, the treasury received $808 million in cash.

About 65 percent of claims are for less than $100 and the treasury says there are more than 37 million account records that are still unclaimed.

The treasury processes online claims within two weeks while paper claims take longer to process. Some of the types of unclaimed fund accounts include:

• Bank Accounts – savings, checking and CDs
• Court Funds
• Dividends
• Estate Proceeds
• Insurance Benefits/Policies
• Stocks, Bonds, Mutual Funds
• Telephone/Utility/Security Deposits

Claims can be submitted online or via email. The treasury has more information here on how one can go about filing a claim in New York.

Click here to see if the treasury has money owed to you.

Lead image by QuinceMedia via Pixabay