Do I Have Unclaimed Money and Property in California State Under my Name?

Did you know that The State of California is currently in possession of more than $6.1 billion in unclaimed property belonging to approximately 17.6 million individuals and organizations?

That's a staggering amount of money that could be going back into the hands of the people that could use it the most - especially now in our slumping economy. You may have money sitting that you don't know even know about! Two days ago I decided to run my families names in the California treasury website for unclaimed property and money and found over $200 owed to me, my husband and my son. $200 and all it took was a quick search on Google! That was about the quickest $200 I've ever made - and it was money that I didn't even know we had!

One of the claims was money owed to us by a closed credit account and the other two claims were for bank accounts that my parents had started for us over 20 years ago.

Lost funds in California - typical things that are unclaimed

The most common types of Unclaimed Property are:

  • Bank accounts and contents of safe deposit boxes
  • Stocks, mutual funds, bonds, and dividends
  • Uncashed money orders/cashiers checks
  • Deposit Certificates
  • Matured or terminated insurance policies
  • Estate proceedings
  • Mineral interests and royalty payments, trust funds, and escrow accounts.

How to find unclaimed money and California funds or property

To see if you have any unclaimed funds all you have to do is go to the California State controllers office government website here at: http://www.sco.ca.gov/upd.html. This service by the way is absolutely FREE.

There is a search box there where you will be prompted to enter your name and city. For my search I left off the city and I also ran my previous married name and maiden name (one of my accounts actually showed up under my previous married name). Then you will either see a screen that says there are no matches (meaning there are no unclaimed funds or property for that name) or you will see a list of the names that match your search criteria.

If you find unclaimed property,funds or money that belong to you you can then claim it by filling out the form and then printing out the form it prompts you to print. That form then has to be signed by you and mailed to the State Controllers Office (it has to be mailed because they need your original signature on the claim form) They say it can take up to 180 days to process your claim so you may have to wait awhile to get your money but with time and patience you will!

More unclaimed money "secrets"

Get the money back into the hands of the people!

I hope this article (hub) helps you find some unclaimed money that perhaps you didn't know about. If you had some success finding money or property using this method I would love to hear back from you in the comments section below. My aim is to help get as much unclaimed money BACK into the citizens pockets as possible - especially now when money is MUCH needed by so many families. Good luck and I hope you find some money that belongs to you!

(Dorsi Diaz is a freelance writer/publisher on the Internet)

Poll about you and unclaimed money

I'm here because:

  • Yes I'm going to run my name in the Ca controllers database
  • No I was just here out of curiosity
  • I'm here because I think I have unclaimed Ca money/property
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Comments 17 comments

Cagsil profile image

Cagsil 4 years ago from USA or America

I cannot possibly have any money that is unclaimed in California. I lived there once for a total of 3 months. LOL! However, I am sure that your hub will be very useful to those who have lived in California or still do. Very nicely written. :)


RealHousewife profile image

RealHousewife 4 years ago from St. Louis, MO

Really cool hub! I wish I had unclaimed money in CA:). But I'll stake dubs on anyone else and claim theirs if they don't care about it! Lol

I've heard of other sites like this too - maybe for my state? Or the IRS? Nawww! Lol. What was I thinking? Haha!


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@Cagsil) Nice to see you. Only though it was only 3 months I would still check. You just never know!

@RH) Yes I am finding that other states have this too. I would do a quick Google check for your state with the keywords "unclaimed money". Good luck and I hope you find a golden egg!


alocsin profile image

alocsin 4 years ago from Orange County, CA

An excellent way to get free money. I tried it out but sadly, no unclaimed money for me. Voting this Up and Useful anyway.


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@alocsin) Thanks for reading and I'm glad you at least tried)


sweetie1 profile image

sweetie1 4 years ago from India

Hi dorsi, actually every country has lots and lots of bank accounts which are unclaimed , some even having hundreds of thousands of dollars. Most of these accounts have very small money so when people move from that city, they simply forget about it. Then some people open accounts and dont tell their families ( like many housewives who save money and dont want their husbands to take it away) and when they die, no one knows about it. In India we too have over billions in such accounts.


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@sweetie) Thanks for the info and that is interesting. Can you imagine how many billions - if not trillions - of unclaimed money is all around the world? Wow!


tom hellert profile image

tom hellert 4 years ago from home

dorsi,

I dont think I have any money in CA, ii apparently have allot of money tied up in Africa all i have to do is send them 1300 dollars for a processing fee...And ive apparantly have an island in the Pacific I am part owner in worth millions of dollars I can claim my half by sending 4,000$ so maybe....

TH


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

Oh Tom PLEASE be careful about anyone claiming they have funds for you. Lots of them (almost all of them) ARE SCAMS. Email me if you want and I will explain more. I also have other hubs that talk about internet scams. Please be careful.


tom hellert profile image

tom hellert 4 years ago from home

dorsi,

i knnow these things are scams- I was jokin with you...

I wrote a hub about my spam file that had many such offers of such scamdom in my spam file but I think you know that too...

TH


Mary Pitman profile image

Mary Pitman 4 years ago from Vero Beach, Florida

The safest way to check other states is to go to www.unclaimed.org. NOTE!! It is .org NOT .com that will charge you. Never ever pay for an online search!!

Here's a neat tip to search for deceased family members. Where it asks for the last name, enter: The Estate of; Estate of; The Est of; or Est of. Those four entires in California will bring up more than 16,000 listings that would otherwise ever be found.

@RealHousewife Yes the IRS is actually looking for about 100,000 people whose tax refunds were returned to the IRS. They are holding about $153 million for people. If you don't claim it in 3 years, you lose it. Go to irs.gov and click Where's My Refund? You'll need your filing status, SS# and the exact whole dollar amount you were expecting.

@Dorsi Not everyone that calls is a scammer. I cannot get people to believe me. I'm not even charging a fee. All I'm asking for is quotes for my Web site. Maybe they'll believe me after I'm on America's Money Class with Suze Orman, her new show on the Oprah Winfrey Network on Jan. 30 at 9 p.m. EST. :-D


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@Tom) Now I remember - glad to know you were just kidding!!

@Mary) Wow you are awesome! Thank you so much for the info - and I'll be looking on Orman for you. We need to help get this money back into the hands of the people!


bearclawmedia profile image

bearclawmedia 4 years ago from Mining Planet Earth

Nice hub, but is the state not broke, how will they pay!


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@bearclaw) This is true! I wonder what they would do if everyone they were "holding" money for came forth at once!


Mary Pitman profile image

Mary Pitman 4 years ago from Vero Beach, Florida

@bearclaw It's held in a separate trust. The state keeps the interest it earns and usually puts it in the general fund. CA has more than $6 BILLION dollars in unclaimed property. WHat's the annual interest on that?

@Dorsi It would never happen and here's why:

1. Some people had no family when they died. If they died without a will, their money stays with the state forever.

2. Many people consider the amounts too small to bother with.

3. If you think about the example I gave before about finding money for your deceased family members under Estate of, etc. those listings will be there forever because people don't know how to search like that. There are lots of other examples. I found one listing for a woman under Last Name: Roth First Name: Ira.Yes, I know there are people actually names Ira Roth but what I was looking for was Roth IRA listings. Her name was the first line of the address and as such, was unsearchable.

4. There is a constant flow of money coming in from dormant accounts. In addition, most states are decreasing their dormancy periods from 5 years down to 3, bringing money in sooner. What would really hurt the states (but help the people) is if the people learned how to prevent their money from going to the state in the first place. It's not an inevitability. It can be prevented.


Mary Pitman profile image

Mary Pitman 4 years ago from Vero Beach, Florida

@bearclaw One more thing that's really pathetic.You mentioned about the state (I assume you mean California) being broke. There are hundreds of listings for the state on the unclaimed property site. Under Business/Government Search enter State of; Dept of; Department of; Board of and on and on.


Dorsi profile image

Dorsi 4 years ago from The San Francisco Bay Area Author

@Mary) Thanks for the info. I am also going to run the estate names like you suggested. The only reason I found $130 owed to me is because I ran my previous married name. And WOW there is so much unclaimed money that sounds like it will NEVER be claimed. Thanks for the insightful comment.

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