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Learn More What Is Unclaimed Money in New York? (Pro Tips)

What Is Unclaimed Money in New York?

Unclaimed Money in New York: Security deposits, insurance benefits, estate proceeds and funds in accounts of financial institutions, banks and other financial institutions turn into unclaimed funds when the last activity performed on these funds is completed, and the account enters an inactive period. In this case, then there is a requirement that the New York Abandoned Property Law obliges the financial institution to declare the funds as not claimed in the Office of the New York State Comptroller. The Office serves as an interim holder for not claimed funds until the rightful owner, the owner’s family member or an authorized person files an appropriate claim.

In addition, there is an Office of State Comptroller routinely creates a list of government-owned unclaimed funds that are accessible to those who are interested. If a person’s name is listed on the list, and their authorized representative has the details for filing a claim, and the state turns over the money it has not claimed to the rightful owner.

How To Find New York Unclaimed Money

People looking for unclaimed funds within New York must search the New York unclaimed money website. This platform allows users to locate unclaimed funds and property with the owner’s full name or company name. Name-based searches will show the name of the individual with funds that are unclaimed and their last address, as well as the financial institution that has reported the unclaimed funds. In addition to finding unclaimed funds on the internet, interested parties can call or mail a request for unclaimed funds to:

  • Office of the State Comptroller
  • Office of Unclaimed Funds
  • 110 State Street
  • Albany, NY 12236
  • Phone: (800) 221-9311
  • Fax: (518) 270-2222

Unclaimed funds from the United States is public and is accessible to anyone using official and non-governmental service. Third-party search engines for money are simple to use and provide fast results that are not restricted by geographical region. Users are able to look up unclaimed funds on third-party search engines using only their full name or business name. However, because these sites are not government-sponsored, the availability and accuracy of results can vary.

How Do I Find Unclaimed Money For Free in New York?

It is the New York unclaimed money website is completely free to use. There are many free resources, including banks and federal agencies located outside of the United States, which users can utilize to find money that is not claimed when they are living in New York.

Unclaimed State Tax Refunds

The New York Department of Taxation and Finance is responsible for the reimbursement of taxpayers who pay more than they should through tax refunds. Tax refunds are often not claimed in the event that a taxpayer fails to check their refund status over various tax seasons or delays claims for the refund. Anyone who is interested can search for tax refunds that have not been claimed by the state through the website of the Department of Taxations using their social security number as well as the tax year. The website also allows New York taxpayers to file a claim online.

Unpaid Back Wages and Salaries

The Wages and Hours Division of the Department of Labor is in charge of identifying instances of wage exploitation by workers and recouping the money from employers. The agency then informs and compensates the employee affected. However, it is common for this money to is not claimed by the individual. Anyone interested in finding not claimed back wages and salaries by searching the unclaimed cash database. You can also contact the Division at (866) 487-9243 or visit the Office local to New York.

Unpaid Pensions

New York residents who have worked for private companies that have private pension plans are able to look up the Pension Benefit Guaranty Corporation (PBGC) Unclaimed Money Database for pensions that are not claimed. The PBGC also provides a valuable guide for those who have not claimed their private pensions could be able to use to track down and recover their money. The PBGC is also accessible via:

  • Pension Benefit Guaranty Corporation
  • 1200 K Street, NW
  • Washington, DC 20005-4026
  • Phone: (800) 326-5678

Unclaimed Veterans’ Life Insurance Funds

Family members and service members are able to locate unclaimed benefits from insurance through them in the Department of Veteran Affairs database or by contacting the department using the contact details below:

  • Department of Veterans Affairs
  • 810 Vermont Avenue, NW
  • Washington, DC 20420
  • Local office directory
  • Phone: (800) 827-1000

Unclaimed Federal Tax Refunds

The Internal Revenue Service maintains a database of tax refunds that have not been claimed for tax refunds that are not claimed for more than three years. Taxpayers may go to the nearest IRS office (see local office directories) or contact the IRS helpline at (800) 829-1040.

Unclaimed Credit Union Deposits

Credit union members who have money abandoned or forget to deposit on their accounts turn into unclaimed funds after a certain period without activity on the account. They are still recoverable. Recovery begins with looking up the National Credit Union Administration database and then filing an application. The Administration is also accessible via:

  • National Credit Union Administration
  • 4807 Spicewood Springs Road, Suite 5100
  • Austin, TX 78759
  • Phone: (512) 231-7900
  • Fax: (512) 231-7920
  • Email: amacmail@ncua.gov

Unclaimed Harmed Investors’ Funds

A third-party administrator distributes money that is retrieved from the Securities and Exchange Commission. If the administrator fails to contact the investor who was injured after an agreed-upon time and the agency declares the money as unclaimed. The relevant information needed to claim these funds can be found on the SEC page on unclaimed funds. Parties can also schedule an appointment with the SEC regional office or phone (202) 551-6551.

Also See: Unclaimed Money Florida

Unclaimed Funds in a Foreign Country

US residents whose properties were nationalized by a foreign government can file a claim to claim “covered losses.” This is also the case for those who have suffered physical injury, loss or property damage from military operations carried out in an overseas country. The affected and their surviving relatives can submit a claim for compensation or claim non-claimed funds by looking up the Foreign Claims Settlement Commission database. You can also contact the agency at:

  • Foreign Claims Settlement Commission
  • 441 G Street, NW, Room 6330
  • Washington, DC 20579
  • Email: info.FCSC@usdoj.gov

Unclaimed Matured Savings Bonds

It is the US Treasury Department that maintains a database of unclaimed maturing savings bonds throughout the United States. Savings bonds are typically not claimed due to the fact that they are long-term investments and last longer than the person who invested often. Unclaimed bonds for relatives and themselves through in the US Treasury Department database. Contact the agency at (844) 284-2676 or (202) 222-2000. Claimants may also send an email to treasury.direct@fiscal.treasury.gov.

Unclaimed Bankruptcy Funds

When a debtor files to file bankruptcy, they solicit assistance from the courts in order to discharge themselves of the burden. Most often, bankruptcy will involve liquidation, in which the debtor’s assets are utilized to pay creditors. In reality, the liquidated assets could not be claimed due to various reasons. In such a case, people can look for funds that are not claimed in bankruptcy by using the US Courts Unclaimed Funds Locator. You can also reach out to the bankruptcy court where you filed your bankruptcy complaint. Decided.

  • US Bankruptcy Courts
  • Administrative Office of the United States Courts
  • One Columbus Circle, NE
  • Washington, DC 20544

Unclaimed Mortgage Refunds

Certain home mortgage plans, such as those backed through the Federal Housing Administration (FHA), could result in unclaimed funds from refunds. Anyone who is interested can access the Department of Housing and Urban Development database to locate the unclaimed refunds of premiums and share payments.

  • 451 7th Street SW
  • Washington, DC 20410
  • Phone: (800) 697-6967
  • Email: sf.premiums@hud.gov

Recommended to read: Unclaimed Money Michigan

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