Check the database: Does NY owe you money?

Joseph Spector

The Journal News

Aug 17, 2017

New York has a record $15 billion in unclaimed funds. So you might want to see if some of it is yours.

In fact, the pot managed by the state Comptroller's Office jumped 20 percent over the past five years, up from $12.5 billion in 2013.

At the same time, the amount returned to New Yorkers soared at a similar rate. The state has aggressively advertised the program, aiming to get people back money that had been sitting dormant in old bank accounts, business transactions, gift cards or property sales.

The refunds jumped from $347 million in 2013 to $424 million in the fiscal year that ended March 31.

About 65 percent of claims are for less than $100, but the largest outstanding is for an $8 million estate. And about 37 million accounts are still unclaimed.

Banks, insurance companies and other institutions are required to turn over the contents of inactive or abandoned accounts to the state.

"We always tell people, it’s not quite the lottery, but people should check," Comptroller Thomas DiNapoli said.

"They should check their own name, their relatives, their businesses, non profits they are involved with. There are any number of ways people can be connected with the program."