Why does New York State have unclaimed funds?
Banks, insurance companies, utilities, investment companies and many other businesses are required by State law to turn over inactive accounts to the State. The Office of the State Comptroller then serves as the custodian of this money until it is claimed. What are some types of unclaimed funds? Unclaimed funds are money or the rights to money that have been dormant or forgotten. Some common examples include: savings accounts, checking accounts, uncashed checks, telephone/utility deposits, rental security deposits, wages, insurance benefits/policies, safe deposit box contents, mortgage insurance refunds, stocks and dividends, mutual funds, certificates of deposit, trust funds, and estate proceed. How can I search to see if I am entitled to unclaimed funds? To see if there are unclaimed funds in your name, visit the New York State Comptroller’s website and conduct a search by CLICKING HERE. There is no charge to search or file a claim to recover unclaimed funds. Where can I get more inf
