NYS May Owe You Money

Sen. Dean Skelos (R-Rockville Centre) is urging residents to check and see if they're entitled to a portion of the more than $10.5 billion of unclaimed funds in New York State.

In New York State, banks, insurance companies, utilities, investment companies and many other businesses are required by state law to surrender inactive accounts for your protection. These accounts are known as lost, abandoned or unclaimed funds.

"With New York State currently holding over $10.5 billion in money of hard- working New Yorkers, I'm urging all residents of my senate district to check to see if they're entitled to any of these unclaimed funds," Skelos said.

Some types of unclaimed funds include: savings accounts, checking accounts, uncashed checks, telephone/utility deposits, rental security deposits, wages, insurance benefits/policies, safe deposit box contents, mortgage insurance refunds, stocks and dividends, mutual funds, certificates of deposit, trust funds, and estate proceeds. 

A simple internet search is all it takes to see if you are eligible, and there is no charge to search or file a claim to recover unclaimed funds. 

To see if you are entitled to unclaimed funds, visit: www.skelos.nysenate.gov and click on "Search for NYS Unclaimed Funds." You can also call Senator Skelos' district office for more information at 516-766-8383.