There are many types of funds that go unclaimed including:
- Utility deposits
- Savings accounts
- Checking accounts
- Certificates of deposit
- Stocks and Bonds
- Mutual funds
- Court funds
- Insurance benefits and policies
- Estate proceeds
and many more. The list of reason why funds become unclaimed is almost limitless, including:
- Moving and forgetting that you put a deposit down for your utilities
- Forgetting about a savings or checking account
- Not knowing about an insurance payment
- Leaving a job and not collecting a final paycheck
- Leaving a job without collecting retirement funds
- Not knowing about a court payment
and many, many more reasons.
Check out this video from the New York State Controllers office to learn more about unclaimed money being held and how you can claim your share.
If you are successful in your search and you do find unclaimed money, there are several steps you need to take to claim it.
You can enter your claim either in the mail or online. If you do it online, you just need to choose the item you are claiming and follow the step by step instructions.
If you are going to mail in your claim information, you will need to fill out the information online, print out the form, and sign and have it notarized.
You them mail the form to:
Office of the State Comptroller
Office of Unclaimed Funds
110 State Street
Albany, New York 12236
You will need to provide proper documentation along with your claim form. This includes proof or ownership and proof of address.
Proof of ownership includes:
- Bank books
- Bank statements
- Certificates showing stocks and/or bonds
- Uncashed checks
- Money orders
- Gift Certificates
- Insurance policies
Proof of address includes:
- Drivers license
- Birth Certificate
- Marriage Certificate
- Utility bills
- W-2 forms
- Postmarked envelope
New York State does not charge any fee return your unclaimed money. If you process your claim online the time frame to receive your check is about two weeks. If you submit it by mail, the time frame is about four to six weeks. Estates claims can take longer because of the additional required documentation.
If you have any questions you can contact the Office of Unclaimed Funds at 1-800-221-9311 and by email at NYSOUF@osc.state.ny.us
There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.