There is currently more than $400 million in unclaimed funds being held by the State of Alabama.              

There are over 3.7 millions records waiting to be claimed!

Unclaimed funds consist of items such as

• bank accounts
• uncashed checks
• utility deposits
• stocks and bonds
• certificates of deposits
• workers compensation benefits

and many other items  that have been turned over to the states unclaimed property division.


Funds can go unclaimed for a variety of reasons including

• never claiming a final paycheck
• moving before getting your utility deposit back
• not having an over payment on an item returned
• or not knowing about an insurance payment.

The list of reasons is almost limitless.

The State of Alabama has operated an unclaimed money program since 1971. However, it only been a part of the Treasurer’s Office since 1996. The unclaimed money departments role is to:

(1) act as a consumer protection agency for individuals and businesses with unclaimed money

(2) indemnify businesses and allow them the opportunity to avoid the liability and expense of maintaining this money on their books

(3) promote awareness of the unclaimed money program and

(4) receive, evaluate & pay unclaimed money claims accurately and efficiently.

Since taking over the unclaimed money program in 1996, the Alabama Treasury’s office has returned over 345,000 claims.

Over $125 million has been returned by the State of Alabama to it’s rightful owners or their heirs in the past five years. The average claim amount  was $1,465.33.

You can search The State of Alabama directly for unclaimed money.

If you do find money owed to you, you can print a claim form and send it to:
Office of State Treasurer, Unclaimed Property Division, P.O. Box 302520, Montgomery, AL 36130-2520

Claims take an average of 6 to 8 weeks to process.

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There is over $9 billion in California unclaimed funds belonging to over 17 million accounts!

Unclaimed funds are financial assets that have been left inactive by it’s owner for a period of time specified by law, typically  three years.

Unclaimed funds include:

• Bank accounts and safe deposit box contents
• Stocks, mutual funds, bonds, dividends
• Uncashed cashier’s checks and money orders
• Certificates of deposit
• Matured or terminated insurance policies
• Estates
• Mineral interests and royalty payments
• Trust funds and escrow accounts

The California Unclaimed Money Law requires all businesses (Holders) to report and deliver assets to the State Controller’s Office after there has been no activity on the account or contact with the owner during the dormancy period.

If the value of the property is more than $50, the Controller’s office sends out a notice to the property owner that it is going to transfer the property to the State’s unclaimed money division if the property owner does not contact the business holding it by a certain date.

The name of the business holding the property, the contact information, and the amount and type of property are all on this notice.

If the owner doesn’t receive the notice, or doesn’t take action, the money is turned over to the State.

If the owner somehow figures out on his/her own that the money is being held by the State, there is no time limit to file a claim and recover it.

Regarding Claims

If an owner of California unclaimed money does file a claim to recover their money, they will be sent a “claim receipt letter” showing the date the claim was received by the California Unclaimed Money Division.

The law in California allows the State up to 180 from the date they receive the claim to review everything and decide if the documentation provided supports the claim.

Simple claims just regarding cash may take only 30 to 60 days to be processed.

Claims that are more complex, such as those involving more than one owner, claims filed by heirs, or claims involving businesses are usually processed within 180 days.

Claims that take the longest usually involve stocks, bonds or other securities that need to be researched to get the exact value of the security.

These can take an additional 90 to 180 days.

Click here to search for California unclaimed funds

Contact the California Unclaimed Funds Department:

Unclaimed Property Call Center
(800) 992-4647 Nationwide
(916) 323-2827 Outside of U.S

The Call Center is available 8 a.m. to 5 p.m. Pacific Time, Monday through Friday, excluding state holidays.

Mailing Claims & General Information
Unclaimed Property Division P.O. Box 942850, Sacramento, CA 94250-5873

San Diego County Unclaimed Funds

Alameda County Unclaimed Funds

Did you know you can make money finding unclaimed money for other people?

There is a little known business that lets you do that.

Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it. In return, they charge a commission after the money is recovered.

Please click here if you would like to learn more about this business.

Arizona is currently holding over $1.5 billion in unclaimed funds!

There are over one million individuals owed these unclaimed funds.

If you have lived there, there is a one in seven chance that  Arizona unclaimed money belongs to you.

Unclaimed Funds consist of:

• Utility deposits
• Safe deposit box contents
• Savings accounts
• Checking accounts
• Royalties
• Certificates of deposits
• Stocks and bonds

and many other types of property.


Funds go unclaimed for a variety of reasons including:

• Forgetting you put a utility deposit on an apartment or house
• Not claiming a final paycheck
• Not knowing about an inheritance
• Forgetting about a savings or checking account
• Not collecting an insurance payment

The list of reasons for funds going unclaimed is almost limitless.

The dormancy period, or amount of time that money goes unclaimed before it has to be turned over to the state, varies depending on the type of property that it is.

The property types and time period that they are considered abandoned in Arizona are listed below.

Property Type	Abandonment period
Traveler’s check	3 years
Money order or similar written instrument	3 years
Any stock or other equity interest in a business association or financial organization	2 years
The principal on debt of a business association or financial organization	2 years
A demand, savings or time deposit and any interest or dividends	3 years
Credits owed to a customer as a result of a retail business transaction	3 years
An amount owed by an insurance company on a life or endowment insurance policy or annuity that has matured or terminated	3 years
Policy or annuity that is payable on proof of death	1 year
Proceeds of a life or endowment insurance policy or annuity contract not matured by actual proof of the death of the insured or annuitant according to the company’s records	1 year
Property that is held by a court, government or governmental subdivision, agency or instrumentality	2 years
Property in any individual retirement account, defined benefit plan or other account or plan that qualifies for tax deferral under the income tax laws of the United States	2 years
Any amount that is payable on a check, draft or similar instrument on which a financial organization or business association is directly liable, including a cashier’s check and a certified check	3 years
All other property	3 years
Excess proceeds deposited with the county treasurer pursuant to A.R.S. § 33-812	2 years
Any dividend, profit, distribution, interest, redemption, payment on principal or other sum held or owing by a business association for or to its shareholder, certificate holder, member, bond holder or other security holder	2 years

Please go to the Arizona unclaimed funds website to do a search for your funds.

You can contact the Arizona unclaimed funds department here:

Email

Claims related questions:

Claims Unit: unclaimedproperty@azdor.gov

Telephone

Claims Related questions:
Phone: (602) 364-0380 / 1-877-492 -9957
Fax: (602) 542-2089

In Person

1600 W Monroe
Phoenix, AZ 85007-2650

Mail

Write us at:
Arizona Department of Revenue
Unclaimed Property Unit
PO Box 29026
Phoenix, AZ 85038-9026

Did you know you can make money finding unclaimed money for other people?

There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.

In return, they charge a commission after the money is recovered.

Please click here if you would like to learn more about this business.