According to the New York State Comptrollers office, they have amassed a fortune.only it's not theirs to keep and they actually want to give it back to the rightful owners.
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Unclaimed Funds
The New York state comptroller s office is overseeing $15 billion dollars worth of unclaimed funds. Banks, insurance companies, and other institutions are required to turn over the contents of inactive or abandoned accounts. More than 39 million accounts for New Yorkers have money waiting to be claimed.
The Comptroller s Office has an online database to check to see if you are owed money as low as $20, dating back to 1985. This searchable database will show whether you are owed as little as $3 since 1985. A name may show up here but not at the comptroller s website.
If you find your name here but not in the state s website, you ll need to call 800-221-9311 to file a claim.
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New York is sitting on a pot of $16.5 billion in unclaimed funds. So you might want to use our searchable database to check and see if any is yours.
For years, the New York state Comptroller s Office has amassed a multibillion-dollar fortune, money that has gone unclaimed and needs to be returned to its rightful owners.
But the burden is on individuals to determine whether their name appears in the unclaimed funds database and to undertake the steps required to recover that money.
Returning that money isn t a simple task. The accounts have gone unclaimed in the first place because a company has lost contact with an account holder.