Redmond
Unclaimed Property
There are currently 307 unclaimed property records worth $227,800 waiting for Redmond residents, with an average claim size of $788.33. Among the holdings are funds from First Tech Federal Credit Union totaling $6,100 and Google Paga Settlement Qsf worth $1,700.
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Unclaimed Property in Redmond
Redmond's substantial unclaimed property balance reflects the area's history with tech workers and credit union members who may have relocated during Silicon Valley's employment shifts. First Tech Federal Credit Union, holding $6,100 in unclaimed funds, primarily serves technology employees and their families, suggesting dormant accounts from job transitions or relocations.
The Google Paga Settlement Qsf funds likely stem from employment-related class action settlements affecting Bay Area tech workers. Given Redmond's proximity to major tech corridors and the transient nature of the tech workforce, many residents may have left behind dormant savings accounts, uncashed paychecks, or forgotten security deposits when changing jobs or moving.
The concentration of miscellaneous outstanding checks (63 records) particularly points to employment-related unclaimed property from the area's professional workforce.
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Companies Holding Redmond Property
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Frequently Asked Questions
How much unclaimed money is being held for Redmond residents?
Currently, $227,800 in unclaimed property is being held for Redmond residents across 307 individual records. This represents only California state records, so the actual total may be higher when including federal and other state holdings. The average claim size of $788.33 suggests many substantial accounts are waiting to be claimed.
Which companies are holding the most unclaimed property from Redmond?
First Tech Federal Credit Union holds the largest amount at $6,100, typically from dormant savings or checking accounts. Google Paga Settlement Qsf holds $1,700, representing employment-related legal settlements. Google Payment Corporation holds $20.27, likely from unclaimed digital payment balances or refunds.
What types of unclaimed property are most common in Redmond?
The most common type is miscellaneous outstanding checks with 63 records, which includes uncashed paychecks, vendor payments, or refund checks. Cashier's checks account for 33 records, typically representing unclaimed certified payments or money orders. Savings accounts make up 18 records, representing dormant bank accounts that were turned over to the state.
How long does it take to claim unclaimed property in California?
Once you file a claim through the state website, processing typically takes 60-90 days for most claims. Smaller amounts under $100 may be processed faster, while larger claims requiring additional documentation can take longer. Our search is instant, but allow 2-3 months for the state to review and process your claim.
Is there a deadline to claim unclaimed property in Redmond?
California holds unclaimed property indefinitely with no deadline to file claims. However, you should search now because interest-bearing accounts may continue growing in value, companies frequently merge or change names making future claims more difficult, and inflation reduces the purchasing power of your unclaimed funds over time.
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