Bank of America
Unclaimed Property

Bank of America currently holds $98.8 million in unclaimed property in California across 26,350 individual records. This substantial amount typically originates from dormant checking and savings accounts, unclaimed safe deposit box contents, unused cashier's checks, and abandoned customer refunds where account holders moved without updating their address or lost contact with the bank.

Bank of America is a major national banking institution that provides checking accounts, savings accounts, certificates of deposit, safe deposit boxes, wire transfers, and various financial services to California residents. Customers commonly lose track of their money when they move and forget to update their address with the bank, close accounts but leave small remaining balances, abandon safe deposit boxes after relocating, or pass away without beneficiaries knowing about all their accounts.

The highest concentrations of unclaimed property from this institution are found in Los Angeles, San Francisco, and San Diego's largest population centers where Bank of America maintains extensive branch networks. As one of the nation's largest banks formed through numerous mergers and acquisitions over decades, some customers may not immediately recognize the "California Foreign" designation.

The average claim from Bank of America is $3.7K.