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State attempting to return billions in unclaimed funds to residentsPosted: Updated:
Thousands of Mount Vernon residents could be getting some cash back from the state.
State officials at the Doles Center in Mount Vernon Thursday were hoping to help city residents get millions of dollars that the state is holding onto, potentially on their behalf.
Officials from the state comptroller's office say they have more than $122 million of unclaimed money that belongs to Mount Vernon and Bronx residents, and they want to return it to its rightful owners.
The entire state of New York is currently in possession of about $15 billion in unclaimed funds.
The money comes from residents' old bank accounts, insurance policies and uncashed checks.
In order to check if you have any money waiting for you, all it takes is working with local officials to run your name through their system.
State officials say those claiming money should receive it within 15 business days.