Bank of America -- North Carolina
Unclaimed Property

Bank of America Carolina currently holds $30.7 million in unclaimed property spread across 138,944 individual records in California. This money typically comes from dormant checking and savings accounts, uncashed cashier's checks, abandoned safe deposit boxes, and forgotten certificate of deposits where customers moved without updating their address or lost contact with the bank.

As one of the largest banking institutions in the United States, Bank of America Carolina generates unclaimed property primarily from traditional banking products including checking accounts, savings accounts, certificates of deposit, money market accounts, uncashed checks, contents of abandoned safe deposit boxes, and unused credit balances. Customers commonly lose track of these funds when they move without providing a forwarding address, close accounts but leave small remaining balances, forget about automatic deposits after changing jobs, or when elderly account holders pass away and beneficiaries are unaware of the accounts.

The highest concentrations of claims are found in Los Angeles, San Francisco, and San Diego's major population centers where Bank of America has maintained significant branch networks for decades. It's worth noting that Bank of America has undergone numerous mergers and acquisitions over the years, including the acquisition of Countrywide Financial and Merrill Lynch, which means some unclaimed property may originate from accounts with these formerly independent companies that customers may not immediately associate with the Bank of America name.

The average claim from Bank of America -- North Carolina is $221.