So - I get a letter from my credit union saying the State of CA is going to take my savings account unless I do something in the next 3 weeks. The savings account in question is a HSA set up in my name only 3 years ago, in which to deposit catchup funds, and I hadn't used it since. My husband and I have a joint HSA related to this account at the same credit union.
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.