What Is Unclaimed Money?

Every year, millions of dollars end up in the Government Unclaimed Money databases, waiting to be collected by its rightful owners. You can lose track of your money for many reasons, such as, you change address or simply forget about it.

When a company, a solicitor or a government department tries to make a payment to you but the cheque is not cashed, or they are unable to find you, the money is likely to be classified as unclaimed and end up in a government trust account.

Businesses are required by law to turn unclaimed funds over to the government to be held in trust accounts until the money is claimed.

Unclaimed money can be any amount from as little as a few dollars to hundreds of thousands of dollars. If the money is left unclaimed for too long, in some cases the funds are absorbed into government consolidated revenue.

Examples of unclaimed money include:

– Uncashed Cheques
– Old Savings & Chequing Accounts
– Inheritances
– Share Dividends
– Payroll Checks
– Tax Returns
– Refunds Investment Accounts
– Insurance Policies
– Security Deposits
– Lotto winnings

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In Australia today, there are billions of dollars in unclaimed funds being held in trust accounts for hundreds of thousands of people.

Most have no idea they have any money owing to them. Even fewer take steps to reclaim it.

Don’t miss out on what is rightfully yours. Let us work together to recover your lost money today!