Unclaimed Funds, New York

What would you do with $12 billion? It turns out, the people who work in the New York State Comptroller’s office are asking themselves that very question. Unfortunately for them, the twelve-super-large don’t exactly belong to the state. All that money can’t be used to fix roads or improve education and it can’t even be used to help convert budget items that are now in the red back to black. Instead, this money belongs to the hardworking men and women of the state of New York. Considered to be unclaimed funds, this money will sit in wait until the rightful owners step forward. While that may seem like a problem that can go on indefinitely, that’s just not the case. Just ask the Comptroller’s office. With more money flowing in every year and with hardly a soul aware of the New York unclaimed funds problem, this issue is in fact very dire. If something isn’t done soon, New York’s economy could suffer.

Unclaimed Funds – A Growing Problem For New York

One of the first questions most people have when confronted with the unclaimed funds New York issue is, “Where did all that money come from?” The unclaimed funds that continue to flow into the New York State Comptroller’s office on a regular basis originate from dozens of sources, including abandoned bank and pension accounts, state ordered payments like child support and alimony, tax returns and deposits for utilities and rentals, as well as the contents of safe deposit boxes. In some cases, New York unclaimed funds consist of physical property that was auctioned off to the highest bidder whereby the funds raised was placed into a special account intended for the rightful owner to collect.

When New York unclaimed funds owners are ready to step forward, these individuals only have to log onto a soon-to-be-popular database known as Unclaimed Money. Aptly named, this database will help New Yorkers find unclaimed funds, even if they currently live out of state. With the possibility of money coming in from all sorts of different sources, it makes is worth checking out if you have ever lived in New York. Even if it was not you exactly that lived in this great state but a family member who may have left something behind for you, you never know. Maybe you made a transaction in New York that required tax from the state or government and you have a refund left over waiting for you.

To begin, log onto the site and fill in the requested information and in a flash, you will learn the answer. Are you the owner of some of the $12 billion in unclaimed funds New York is holding? Visit Unclaimed Money and find out.