The unclaimed money vault of New York continues to experience heavy influx of unclaimed money and is now considered to be one of the largest state treasuries in terms of unclaimed money. As of the last estimate, the state of New York is home to almost $10 billion of unclaimed funds.
A majority of this abandoned money comes from the following sources: 25 million inactive bank, business, and government accounts unclaimed by their owners and in the care of the state controller’s office. While the New York State treasury is taking all the right steps to spread the awareness about unclaimed funds, the volume of incoming unclaimed funds keeps the deficit growing.
{"id":393,"date":"2011-02-03T19:14:56","date_gmt":"2011-02-04T00:14:56","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/?p=393"},"modified":"2011-02-03T19:14:56","modified_gmt":"2011-02-04T00:14:56","slug":"billions-still-held-in-new-yorks-unclaimed-money-vault","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/new-york-unclaimed-money\/billions-still-held-in-new-yorks-unclaimed-money-vault","title":{"rendered":"Billions Still Held in New York’s Unclaimed Money Vault"},"content":{"rendered":"\n\n\t<\/p>
The unclaimed money vault of New York continues to experience heavy influx of unclaimed money<\/a> and is now considered to be one of the largest state treasuries in terms of unclaimed money. As of the last estimate, the state of New York is home to almost $10 billion of unclaimed funds. <\/p>\n\n\t <\/p> A majority of this abandoned money comes from the following sources: 25 million inactive bank, business, and government accounts unclaimed by their owners and in the care of the state controller’s office. While the New York State treasury is taking all the right steps to spread the awareness about unclaimed funds, the volume of incoming unclaimed funds keeps the deficit growing.<\/p>\n\n