About Long Beach

Unclaimed Property in Long Beach

Long Beach's massive unclaimed property total reflects its history as a major port city with frequent population turnover, military personnel stationed at the former Long Beach Naval Shipyard, and students attending Cal State Long Beach who often moved without updating addresses. Wells Fargo Bank NA holds the largest amount at $2.6 million, primarily from dormant checking and savings accounts, while Citibank's $981,200 typically represents old credit card overpayments and closed account refunds.

The high volume of premium refunds (82,555 records) likely stems from the city's large retiree population near areas like Belmont Shore, where insurance policies and annuities were abandoned after policyholders moved to assisted living or passed away. Credit balance accounts receivable dominate the records with 103,450 entries, reflecting Long Beach's role as a business hub where companies relocated or closed, leaving employee final paychecks and vendor payments unclaimed.

Common Questions

Frequently Asked Questions

How much unclaimed money is being held for Long Beach residents?

Exactly $141.7 million in unclaimed property is currently held for Long Beach residents across 1,012,810 individual records. The average claim value is $142.58, though amounts range from small utility deposits to substantial dormant bank accounts. This represents only California state records - additional funds may be held by federal agencies or other states where residents previously lived.

Which companies are holding the most unclaimed property from Long Beach?

Wells Fargo Bank NA leads with $2.6 million in unclaimed property, typically from dormant checking and savings accounts. Citibank N A holds $981,200, primarily from closed credit card accounts and overpayments. Synchrony Bank has $205,700, usually from store credit cards and financing accounts that were closed with remaining balances.

What types of unclaimed property are most common in Long Beach?

Credit balance accounts receivable dominate with 103,450 records, which are typically overpayments to businesses or final paychecks never collected. Premium refunds account for 82,555 records, usually from cancelled insurance policies or overpaid premiums. Refunds due make up 73,402 records, covering everything from utility deposits to tax overpayments and court settlements.

How long does it take to claim unclaimed property in California?

Most California unclaimed property claims are processed within 60-90 days after submitting required documentation. Simple claims under $100 often process faster, while larger amounts or complex cases involving estates may take 3-4 months. Our search tool provides instant results, but the state's verification and payment process requires time to ensure proper ownership.

Is there a deadline to claim unclaimed property in Long Beach?

California holds unclaimed property indefinitely with no deadline to file claims. However, searching now is advantageous because dormant accounts may continue accumulating interest, making your claim more valuable. Additionally, corporate mergers and name changes can make properties harder to locate over time, and inflation gradually reduces the purchasing power of unclaimed funds.

$142M Waiting in Long Beach

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Official CA State Controller Data
1.0M Long Beach Records
21 Long Beach ZIP Codes
1 in 4 Long Beach Residents Have Claims