Croton: Find Out If You're Owed Cash By New York State

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New Yorkers can see if they're owed cash at an event hosted by State Comptroller Thomas DiNapoli.
New Yorkers can see if they're owed cash at an event hosted by State Comptroller Thomas DiNapoli. Photo Credit: Flickr user "401(K) 2012"

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.  

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They dont make it easy because the money stays with them.I know exactly what you are saying Ruth.They don't want you to get the money.If they did all you would need is proof of the relationship,not elec.bill,address on mail,etc.

I've been trying to get 2 claims owed my deceased mother who died in 1982. I had to submit through a daunting pile of papers, submit several notarized documents, etc. And NYS does not tell you the amount of the money. So at this point, I've spent about $15 in paperwork. After I submitted this, I received a request for even more notarized docs including proof of my mother's address even though her death certificate clearly provides her address. They do not make actually getting the money at all easy. After going throgh all this, it would be good if the amount at least covers the $15 plus it's cost me.

My wife found a claim of about $69 from an old bank account. We were as happy as clams.

But, then, I found, a claim in my father's name from 50 years ago and two claims in my mother's name from 40 - 45 years ago. ($3,000 +)

I also found five claims in my aunt's deceased in-laws who lived in Ossining.