$770 Million In Unclaimed Money Held By CA

CALIFORNIA — The State of California is safeguarding nearly $770 million in unclaimed cash belonging to Californians, and State Controller Betty Yee is urging owners to take steps to retrieve it. The loot includes forgotten bank accounts, uncashed checks, insurance policy proceeds, stocks and safe deposit box contents.

People who think they have unclaimed property can visit a state database for free and fill out a secure claim form online for most property.

Some items may need additional proof of ownership.

"A search of the unclaimed property database only takes a couple of minutes and this is a great time to do it because more properties transfer from banks, businesses, employers, and life insurance companies each summer," Yee said.

Check this link to see if California is holding your cash

You may also call (800) 992-4647. There is no time limit for submitting a claim.

Yee said that during the 2017-18 fiscal year, California property owners received about $309 million for nearly 580,000 claims, with an average payout of $534.

Did you check and find out that you have cash coming? Tell us how much in comments under the Facebook post of this story.

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— Bay City News contributed to this report; Image via Shutterstock