New democratic VP pick Kamala Harris is among those in California with unclaimed money owed to them. In searching the former Attorney General of CA, we found she has 5 accounts that contain missing money owed to her. They range from $.10 from Facebook, to $500 owed to the Senator from EBay. She also has $200 owed to her from Bank of America in the form of a cashier’s check. The two remaining accounts seem to be from her time in San Francisco where she is owed $15 from the Office of the California Attorney General as well as $81.90 from Delta Dental.
Her unclaimed accounts are a great representation of the different types of unclaimed money that exist. Facebook and Ebay refunds/credits to dental refunds to even an employer reimbursement. In California, these are the types of unclaimed property listed:
Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Property does not include Real Estate. California’s Unclaimed Property Law requires banks, insurance companies, corporations, and certain other entities to report and submit their customers’ property to the State Controller’s Office when there has been no activity for a period of time (generally three years).
California Holds The Second Highest Unclaimed Money Total
California unclaimed money totals are approximately $9.8 billion, with cash making up about 90% of the missing funds, according to an article on Nov, 2019. Some of this unclaimed property may rightfully belong to you if you or a family member has ever lived in the state of California. California has periodic auctions to distribute tangible property such as items found in a safe deposit box. California’s State Controllers office provides unique service that sends out notices warning individuals when funds are about to become unclaimed, and when properties have been sent to the state. The names of unclaimed property owners appear periodically in state newspapers. California has no time limit for an owner or heirs to claim their property. A Locator Unit division aggressively seeks to identify owners of unclaimed property. Their web site offers a searchable database, which is updated frequently.