New York state comptrollers’ Office of Unclaimed Funds’ official website declares that New York State is sitting on $9.9 billion in lost money. These billions of “lost,” “abandoned,” or “unclaimed” money has resulted from forgotten protection amounts, utility deposits, inactive bank accounts, insurance policies, investments and many other business-related transactions.
State law requires all concerned agencies to surrender money belonging to inactive accounts to the State. This is one of the most prominent consumer protection features enacted in the U.S. Untill the time authorized owners turn up to claim, the Office of the State Comptroller acts as custodian of this money. The office is more than willing to hand over this money to the rightful owners.
Claim Your Money
New York government has taken many initiatives recently to spread awareness about unclaimed money and educate people about claiming their lost funds. Online Claiming Program, launched by the Office of Unclaimed Funds, is an easy, secure and speedy way to find and claim any unclaimed cash lying in your name.
The main feature of this program is that it allows users to claim their property and assets online. If the online information provided by the user matches the data held by the state and if the property is eligible to be claimed online, the claim is accepted.
To distribute the billions to the authorized owners, New York State has arranged outreach program scheduled to be held across the state in coming month. New Yorkers can use this opportunity to learn more about the unclaimed cash and how to file a claim for unclaimed cash. The program will also give tips for avoiding such happenings in the future.
New Yorkers can also search for unclaimed cash lying in their or their family members’ name by visiting www.cashunclaimed.com from the comforts of their home. This huge database allows searching unclaimed cash in any state across the U.S.