Bank of America
Unclaimed Property

Bank of America California currently holds $121.4 million in unclaimed property spread across 174,287 individual records in California's unclaimed property database. This massive amount typically stems from dormant checking and savings accounts, uncashed cashier's checks, safe deposit box contents, and inactive investment accounts where customers moved without updating their address or simply forgot about smaller balances.

As one of the largest commercial banks in the United States, Bank of America California generates unclaimed property through various financial products including checking accounts, savings accounts, CDs, money market accounts, safe deposit boxes, cashier's checks, and investment services. Customers commonly lose track of Bank of America funds when they relocate without forwarding their address, close accounts but leave small remaining balances, abandon accounts during life transitions like divorce or death, or simply forget about automatic deposits that stopped years ago.

The highest concentrations of claims are found in Los Angeles, San Francisco, and San Diego, which aligns with Bank of America's major branch presence in these metropolitan areas and California's largest population centers. Bank of America's long history in California, including various mergers and acquisitions over the decades, means some unclaimed property may be listed under legacy bank names that customers don't immediately recognize as connected to their current Bank of America relationship.

The average claim from Bank of America is $703.