There is certainly around $1.1 billion in missing shares, bank records and life insurance policies.
What exactly is money that is unclaimed?
Unclaimed cash is money from lost bank reports, stocks, assets and life insurance coverage policies. This cash becomes lost once you move home and forget to upgrade a financial institution to your details or business.
Unclaimed cash gotten by ASIC is utilized in the Commonwealth of Australia Consolidated income Fund. Its offered to be reported whenever you want because of the rightful owner and there’s absolutely no time frame on claims.
Bank records become unclaimed after 7 years in the event that account is inactive (no deposits or withdrawals). Continue reading “Find unclaimed cash”