Have you ever wanted to find buried treasure?
Well did you know that their is unclaimed money in Canada?
What is an unclaimed money?
[quote]An “unclaimed balance” is a Canadian-dollar deposit or negotiable instrument, issued or held by a federally regulated bank or trust company. It can be in the form of a deposit account, bank draft, certified cheque, deposit receipt, money order, GIC, term deposit, credit card balance, or traveller’s cheque.[/quote]
When there has been no owner activity in relation to the balance for a period of 10 years, and the owner cannot be contacted by the institution holding it, the balance is turned over to the Bank of Canada, which acts as custodian on behalf of the owner. Balances are transferred to the Bank of Canada once a year, on December 31.
How much money is held at the Bank of Canada as unclaimed balances?
At the end of December 2010, approximately 1.3 million unclaimed balances, worth some $433 million, were on the Bank’s books. Over 94% of these were under $1,000.00, representing 32% of the total value outstanding. The oldest balance dates back to 1900.
Search online for unclaimed balances
The Bank of Canada provides a free online Unclaimed Balances Search database for unclaimed bank balances.
The BC Unclaimed Property Society was created by the Province of BC in 2003 and is administered by the Vancouver Foundation.
OSB administers unclaimed dividends owed to creditors pursuant to the federal Bankruptcy and Insolvency Act. Note: Visit the Quick Links “Unclaimed Dividend Search”
Search their register and obtain information on how to claim unclaimed property held by the province of Quebec.
This website provides information on how to claim money left behind in a lawyer’s trust account.
NAUPA’s website provides information on the administration of unclaimed property in the states and provides links to each state’s unclaimed property program.
This site is the only official, national source for unclaimed property searches sponsored by the states and NAUPA (National Association of Unclaimed Property Administrators). There is no fee to use this site.
A cooperative effort by the three independent organizations – Avotaynu, a Jewish genealogy publishing service, Risk International Services, Inc., an insurance archaeology and claim recovery firm, and Ancestry.com, a family history Internet and publishing company – the Living Heirs Project helps heirs of Holocaust victims recover family assets unjustly confiscated by the Third Reich.
[box type=”note”] Personally, I didn’t find anything for my surname but I found a balance for a relative! [/box]