State of CA is after your savings account
Original post made by Laura on Apr 3, 2013
I had no idea that the state took your money if the account was inactive - especially if you have other accounts that you regularly use at the same credit union, and if the money is being saved to use for medical expenses. This seems a bit of a stretch for unclaimed property laws - what do you think? Is this really old news, or is the state going overboard in their definition of "unclaimed"? I'm a little alarmed - thought my money was safe in the bank. Guess not.