Westwood
Unclaimed Property
California is currently holding $784,700 in unclaimed property from 5,250 records connected to Westwood residents. Among the largest amounts are funds from Westamerica Bancorporation totaling $644.28 and General Electric Company holding $510.38.
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Unclaimed Property in Westwood
Westwood's substantial unclaimed property portfolio largely stems from its unique position as home to Ucla students and faculty who frequently relocate after graduation or career changes, leaving behind dormant accounts and uncashed refunds. The area's high concentration of academic professionals and researchers has resulted in significant holdings from major corporations like General Electric Company ($510.38) and financial institutions serving the university community.
Bank of America Corporation's $126.23 in unclaimed funds reflects the bank's long-standing presence near the Ucla campus, where students often open accounts and later abandon them after graduation. The Westwood Village business district's history of retail turnover has also contributed to unclaimed customer deposits and gift certificates, while the area's affluent Zip codes 90024 and 90095 show higher-than-average individual claim amounts of $154.83.
Westwood ZIP Codes
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Companies Holding Westwood Property
These companies hold the most unclaimed property from Westwood residents
Frequently Asked Questions
How much unclaimed money is being held for Westwood residents?
California is currently holding exactly $784,700 in unclaimed property across 5,250 records connected to Westwood. The average claim size is $154.83, which is above the state average. These figures represent only California state records and grow monthly as new properties are reported.
Which companies are holding the most unclaimed property from Westwood?
The top three holders are Westamerica Bancorporation with $644.28 (typically from dormant checking and savings accounts), General Electric Company holding $510.38 (usually from uncashed employee benefits or insurance claims), and Bank of America Corporation with $126.23 (from abandoned bank accounts and safe deposit box contents).
What types of unclaimed property are most common in Westwood?
The most common types are dividends with 498 records (uncashed stock dividend payments), premium refunds with 428 records (insurance overpayments or cancelled policy refunds), and credit balances in accounts receivable with 400 records (overpayments to utilities, phone companies, or other service providers).
How long does it take to claim unclaimed property in California?
Most claims are processed within 60-90 days after submitting required documentation to the California State Controller's office. Simple claims under $100 typically process faster, while larger amounts requiring additional verification may take up to 120 days. Our search is instant, but state processing takes time.
Is there a deadline to claim unclaimed property in Westwood?
California holds unclaimed property indefinitely with no deadline to claim. However, searching now is advantageous because dividend-paying accounts continue growing over time, company mergers and name changes can make future claims more complicated, and inflation gradually reduces the purchasing power of your unclaimed funds.
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