More than 400,000 Bronx-based accounts are owed a whopping $244,783,169.60 according to an audit by New York State Comptroller Tom DiNapoli’s office and he, along with Bronx Borough President Ruben Diaz, Jr are urging residents to see if that money is theirs —some of which dates back to the 1940s!
To date, according to a press release issued by the borough president’s office, only a totaly of $1.6 million has been claimed by Bronxites since January.
The monies generally from old bank accounts, utility deposits, stocks, etc that are just waiting for the claimants to come forward. In order to find out if you have money owed to you, you can visit the state’s website and search by your name or an organization’s name.
Just recently, the state comptroller’s office returned $6,704.25 back to the Black Law Students Association which found out they had unclaimed funds.
The full press release is below from the BP’s office:
Unclaimed funds is money owed to New Yorkers dating back to the 1940s. The accounts are overseen by DiNapoli’s office until the funds can be reconnected with their rightful owners. The money comes from old bank accounts, utility deposits, uncashed checks, insurance claims, stocks and other sources that have been dormant for a number of years.
“With this found money, poor and low income families can stretch their budget and have more to spend on essential needs, like rent, transportation, child care and utilities,” said Diaz Jr. “I encourage Bronx residents to make the effort to track down their unclaimed money from the more than $244 million in unclaimed funds currently being held by the state. I thank Comptroller Thomas P. DiNapoli and the Office of the New York State Comptroller for expanding their efforts to track down the owners of these unclaimed funds in The Bronx.”
DiNapoli’s office oversees 444,181 unclaimed funds accounts valued at $244,783,169.60 belonging to Bronx residents.