NY State to Issue Checks for Unclaimed Funds
If you’re a resident of New York State, you might want to keep an eye on your mailbox this month. The New York State Comptroller’s office is set to issue checks to individuals who have unclaimed funds, with amounts up to $250 covered under a new state law.
What You Need to Know
Under this new law, individuals who have unclaimed funds of $250 or less will receive a check directly from the state without having to go through the process of filing a claim. This process aims to make it easier for people to access the money that rightfully belongs to them.
State Comptroller Thomas DiNapoli emphasized the importance of this initiative, noting that the state currently holds nearly $19 billion in unclaimed funds. These funds belong to more than 11 million accounts, with a significant portion owed to individuals who are deceased. If you believe you may be entitled to these funds as a rightful heir, it’s crucial to provide the necessary documentation to claim what is rightfully yours.
How to Check If You’re Owed Money
To determine if you have unclaimed funds waiting for you, you can easily search online by entering your last name or additional details if needed. It’s also recommended to search for relatives, particularly those who have passed away, as the accounts date back to the 1940s. In addition to New York, neighboring states like New Jersey and Connecticut also offer similar services to help individuals recover unclaimed funds.
Take Action Today
Don’t miss out on the opportunity to claim what is rightfully yours. Whether it’s an uncashed check, an old bank account, or lost gift card funds, these unclaimed funds could make a significant difference in your financial situation. Take a few minutes to search for unclaimed funds in your name and that of your loved ones to ensure you don’t overlook any potential windfall.
Remember, the state is proactively sending out checks this month, so keep an eye out for any unexpected mail. Who knows, you might just find a pleasant surprise waiting for you in your mailbox!
