Millbrae
Unclaimed Property
There are currently 44,698 unclaimed property records worth $10.0 million waiting for Millbrae residents to claim them. Major holders include Citibank N.A. with $80,700 and MetLife Inc. with $19,300 in unclaimed funds.
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Unclaimed Property in Millbrae
Millbrae's substantial unclaimed property holdings stem largely from its proximity to San Francisco International Airport and the high concentration of tech workers who frequently change jobs and relocate. The city's location along the Caltrain corridor has created a transient professional population, particularly around the Millbrae Bart/Caltrain intermodal station, leading to forgotten accounts when employees move between Silicon Valley companies.
Google Payment Corporation's $8,800 in holdings reflects the area's tech workforce, while Citibank's significant $80,700 represents dormant accounts from the many financial services professionals living in Millbrae's upscale neighborhoods near Green Hills Country Club. The 94030 Zip code area, with its mix of long-term residents and mobile professionals, shows particularly high concentrations of dividend and credit balance properties from corporate relocations and job transitions.
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Companies Holding Millbrae Property
These companies hold the most unclaimed property from Millbrae residents
Frequently Asked Questions
How much unclaimed money is being held for Millbrae residents?
California is currently holding $10.0 million in unclaimed property across 44,698 records for Millbrae residents, with an average claim value of $232.07. This amount continues to grow as more dormant accounts and unclaimed assets are turned over to the state annually.
Which companies are holding the most unclaimed property from Millbrae?
The top holders are Citibank N.A. with $80,700 (typically from dormant bank accounts and safe deposit boxes), MetLife Inc. with $19,300 (usually uncashed insurance claims and policy benefits), and Google Payment Corporation with $8,800 (often from unused payment account balances and refunds).
What types of unclaimed property are most common in Millbrae?
Dividends lead with 6,067 records (uncashed dividend checks from stock investments), followed by credit balances in accounts receivable with 4,775 records (overpayments or credits left on customer accounts), and refunds due with 4,297 records (uncashed refund checks from various companies and services).
How long does it take to claim unclaimed property in California?
Processing typically takes 60-90 days after submitting your claim through claimit.ca.gov, though smaller claims under $100 often process faster within 30-45 days. Our search tool provides instant results, but official state processing requires document verification time.
Is there a deadline to claim unclaimed property in Millbrae?
California holds unclaimed property indefinitely with no expiration date, but you should search now because companies frequently merge or change names making future claims more difficult, account values may continue growing with interest, and inflation reduces the purchasing power of your money over time.
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