Home | How It Works | Guarantee | Privacy | Order Now | Search Unclaimed Money | Help

New York Remains to Have the Largest Unclaimed Money Vault

The problem of unclaimed money is not a new concept, especially in the state of New York, that is riding high in terms of lost money pile. As per the state treasury, New York unclaimed money has increased at a tremendous rate in the recent years.

The main problem with the state treasury of New York is that unclaimed money is still piling up at a tremendous rate despite the state’s repeated effort to educate people of the importance of lost money. New York’s unclaimed money is not being claimed at a desirable rate as estimated by the government prior to the planned initiatives. Apart from the state of New York, many other states are also facing similar problems in which huge additions are being made to their already existing lost money pile.

According to the latest estimation of the state agencies, New York’s unclaimed funds come to be around $10.5 billion, approximately. These figures make New York treasury vault of unclaimed money to be the fastest growing vault in the United States. Much of the piled up lost money in the state of New York is due to the diversity in work force and migration of people from one region to other.

Much larger states, like California, are reporting the same problem but comparatively less than New York as the lost money pile was estimated to be only $5.7 billion, approximately. The state treasury in New York is attributing the growing pile of money to the 25 million inactive accounts with the banks that are now under the custody of the state controller.

Certain new initiatives introduced by the state agencies include facilities like education booths, campaigns to educated people about the concept of unclaimed money and state organized fairs that offer on the spot lost fund location facilities.

Comments are closed.


Affiliate Program | How It Works | Guarantee | Privacy | Unclaimed Property Blog | Order Now | Media & Press Relations
Unclaimed Property Definitions | Unclaimed Money | Useful Money Links | Link To Us | State Property List | Help

Copyright © 2002 CashUnclaimed.com. All Rights Reserved. By use of this site you are specifically agreeing to
the terms of use posted on this site. You should click here to review them now.


When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.