The State of California is currently holding over $8 billion in unclaimed property. Could some of it be yours?
Unclaimed property is a lost or forgotten financial account like an inactive bank account or an overpayment made to a business. In many cases, businesses have lost contact with the customer and have sent the money to the State. Many people are unaware that they have unclaimed property.
The most common types of Unclaimed Property are:
- Bank accounts and safe deposit box contents
- Stocks, mutual funds, bonds, and dividends
- Uncashed cashier's checks or money orders
- Certificates of deposit
- Matured or terminated insurance policies
- Mineral interests and royalty payments, trust funds, and escrow accounts.
You can search for unclaimed property online at www.claimit.ca.gov. Recent changes have allowed eligible claimants to file a claim online for a faster response. You may be eligible to file a claim online if you are the only owner listed for the property and the property value is less than $1000.
Good luck searching!