Record $347 million in unclaimed funds returned - NEWS10 ABC: Albany, New York News, Weather, Sports

Record $347 million in unclaimed funds returned

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ALBANY, N.Y. -- Got money you didn't know about? New York's State Comptroller says a record $347 million in unclaimed funds were returned in the last fiscal year.

Most of the unclaimed funds, 33 percent, come from inactive bank accounts. Banks, utilities and many other businesses are required by state law to surrender inactive accounts to the Comptroller's office.

Comptroller Thomas DiNapoli encourages everyone to check their website for their names and spread the word to family and friends, saying, "These are tough economic times and every dollar counts." There is still $12.5 billion in lost or forgotten money waiting to be claimed.

You can find out if you're owed by visiting www.osc.state.ny.us or calling 1-800-221-9311. While there is no cost to file a claim, you do have to provide proof of ownership.

 

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