WHITE PLAINS, N.Y. - Westchester residents have several ways to find out from State Comptroller Thomas DiNapoli's office if they are owed some of the $12 billion in unclaimed funds held by New York state.
“New York has $12 billion in unclaimed fund accounts. We want to return this money to its rightful owners,” DiNapoli said. “The money belongs to New Yorkers. We want to give it back.”
Many businesses, including banks, insurance companies, utilities and even retail businesses are required by law to surrender inactive accounts to the state. The comptroller describes these accounts as "lost," "abandoned," or "unclaimed" funds.
The majority of unclaimed funds accounts are generated by banks and are less than $100, although the largest unclaimed account owed to one individual is $1.7 million. Unclaimed money is used by the state's General Funds until it is claimed.
Residents can speak with representatives of DiNapoli's office from 11 a.m. to 3 p.m., Aug. 8, at the Westchester County Office Building, 148 Martine Ave., White Plains. New Yorkers can also use the comptroller's website to "Search for Lost Funds," or by calling 1-800-221-9311.