What is Lost Money?
For your protection, banks, insurance companies, utilities, investment companies and many other businesses are required by State law to surrender inactive accounts to the State. These accounts are known as “lost,” “abandoned,” or “unclaimed” funds.
The Office of the State Comptroller serves as custodian of this money. If you can prove you are entitled to the money, we will gladly return it to you, at any time, without charge. Until the money is claimed, it is used by the State’s General Funds, serving the citizens and taxpayers of the State of New York.