Mar 17, 2013
The State of California is now holding billions of dollars in unclaimed money and other unclaimed property belonging to people like you.
Could some of this California unclaimed money belong to you? Are you wealthy and yet don't know it?
The California state controller wants to match people with their California unclaimed money, which is being held by the state until property owners can claim what is rightfully theirs.
You can claim your money directly from the state for FREE, as mandated by the California Unclaimed Property Law, which requires money-holding companies to annually report and deliver property to the state controller's office when there has been no customer/owner contact for three years.
Businesses and financial institutions are required to send a notice to your last known address, informing that your account will be transferred to the state controller for safekeeping if you do not notify the institution of your intent to maintain an account.
If the institution cannot contact you, your account is remitted to the state controller, who sends a notice informing you of your California unclaimed money, provided it can find your current address by matching your Social Security number with the Franchise Tax Board's records.
How can you know if the state is holding unclaimed money in your name? Visit the state controller's California Unclaimed Property website and do a name search.