Senator Addabbo Schedules Free Unclaimed Funds Event for Woodhaven with NYS Comptroller's Office“Stop in and find out in a one-to-one sitting if you’re entitled to collect any funds from various accounts administered by NYS Comptroller Thomas DiNapoli due to abandoned/forgotten bank accounts, unpaid insurance claims, NYS court funds, and other unclaimed accounts from corporations and brokers/dealers," Addabbo said.
"Interest is paid at current rate of 2% during the first five years on interest-bearing accounts such as savings and CD accounts. There is no fee to reclaim funds, but requirements vary to claim the money based on type of account. A signature, Social Security number, and proof of connection with both the account and address of record are generally required."
More than 25 million account records are still unclaimed; $653 million in cash was received by the Comptroller’s office between April 2009 and March 2010. During that same period, some $227 million was paid and more than 360,000 accounts were processed. Private companies are allowed to charge claimants up to a 15% finder’s fee. Companies making claims do not have faster access to funds than individuals who contact the Comptroller’s office directly. An average of 40% of claims are $50 or less, and an average of 60% are $100 or less.
No comments:
Post a Comment