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New York recovers $27 million in unused gift cards

  • / Updated:
  • Staff Report 

In 2023, the New York State Comptroller’s Office recovered over $27 million in unused gift card funds. Comptroller Thomas DiNapoli is encouraging New Yorkers to keep track of their gift cards, especially those received during the holidays.

DiNapoli highlighted that unused gift card balances are turned over to the Comptroller’s Office of Unclaimed Funds after five years. He urges residents to use their gift cards to avoid inactivity fees or the funds being transferred to the state.

The Comptroller also advises reading the terms and conditions for potential fees and expiration dates and considering registering the card with the retailer for added security.

New Yorkers can check the Comptroller’s website to see if they have unclaimed funds. Additionally, the Comptroller’s Office proactively sends letters to individuals with unclaimed funds, aiding in their recovery.

Categories: NewsNew York State