New York State has $17 billion in unclaimed or "lost" funds. So far, the state has returned $117,215,318 to residents in 2022. Each day, the state returns $1.5 million in lost funds. There are 44 million account records
that remain unclaimed. Most people won't get rich from lost funds, as 70% of claims provide less than $100. But hey, if the money belongs to you it should in your bank account, Not New York State's bank account. There is no fee to file a claim and collect any money owed to you. From April 2020 to March 2021, the state paid $400 million in claims. One New Yorker reclaimed $5.2 million in lost money from stocks. The biggest amount is $8 million from an estate and it is still unclaimed!
Interest is paid for five years on interest bearing accounts —currently it’s 1%
The majority of lost money in New York from April 2020 to March 2021 came from banks. Here's a breakdown of where the funds came from during that period:
Utilities - 1%
Dealers/Brokers - 2%
Court Funds - 5%
Other - 14%
Corporations - 19%
Insurance Companies - 22%
Banks - 37%
If you find one or more accounts in your name - congratulations! You may be able to claim it online which means that you could receive a check within a few weeks. Some accounts, however, must be claimed by mail rather than online. That's because we need documentation from you proving that you're the rightful owner of the funds.