That’s the amount of unclaimed property being held by the state under California’s Unclaimed Property Law. Our state controller, John Chiang, has created an online process that allows residents to easily see if they have unclaimed money from old accounts that include, bank accounts, stocks and dividends, mature or terminated insurance policies and trust funds and escrow accounts.
The amounts range from 25 cents to over 100 dollars and it only takes a minute to see if you have any money to claim and, if you are the account owner or heir, it is free to file a claim.
Go to this web address, www.claimit.ca.gov.
On the left of the page you’ll see Online Claim Services. Click “Start your search.”
Enter your last name then click “Search.”
If your name, address and city show up in the search results click on the “ID Number” and you’ll see how much money can be claimed and from what account.
Select “Claim this Property” and proceed to fill in the online form as required.
That’s it! The controller’s office reports that claims can be processed as quickly as 14-days.
Details are available on the main page, including Frequently Asked Questions: www.claimit.ca.gov