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$15 billion in funds unclaimed by New Yorkers

Posted at 11:49 AM, Jan 24, 2018
and last updated 2018-01-24 21:51:20-05

The New York State Comptroller's Office is looking to connect New Yorkers with more than $15 billion in unclaimed funds. 

The office has a website where you can check to see if you are owed money.

According to the website, the state returns $1 million every day to those who file claims on the site.

In Erie County alone, more than 250,000 accounts are owed money.

The largest personal account ever paid was over $4 million to an individual from a stock claim and the largest amount still unclaimed is more than $8 million for an estate.

There is no fee to reclaim funds.

Although 65 percent of the unclaimed amounts are under $100, there are a number of large outstanding accounts in Erie and Niagara counties:

  • The largest amount for an individual is a Buffalo resident with three abandoned bank accounts totaling $379,000.
  • Two owners with a Depew address have $42,457 with a joint bank account.
  • A resident of Hamburg has $51,803 from an insurance policy refund.
  • A Lancaster resident is entitled to claim $156,000 from an expired time deposit account.
  • An East Amherst resident is entitled to $102,000 from a stock distribution. 
  • Orchard Park residents may be able to claim a large outstanding account: a joint tax refund in the amount of $253,000 or an investment account balance of $165,000.
  • Tonawanda has seven owners with more than $50,000 in unclaimed funds; 32 owners with more than $20,000 and 76 owners with more than $10,000.
  • A Lockport resident is a beneficiary to a life insurance policy of $125,347.
  • Lewiston has four residents entitled to claim more than $50,000 each.
  • Niagara Falls has 16 people that can claim more than $50,000 and 294 owners that can claim more than $5,000 including a living trust account valued at more than $200,000.
  • North Tonawanda has a resident with two accounts from matured endowments totaling $212,371 and two residents listed as beneficiaries to a death benefit for more than $85,000 each.