Daily Hive article highlights the $218 million of unclaimed funds listed in BC Unclaimed's database
May 14, 2024
The Daily Hive published an article featuring some of our updated stats from our 2023 Annual Report:
They say there’s no such thing as free money, but for one organization in BC, all they do is hand out cash.
BC Unclaimed takes care of forgotten, left-behind money while seeking to reunite people with unclaimed cash.
There’s even a free, searchable list of unclaimed property in the province, and you can search for your name on the list to see if there’s money being held in your name.
In total, there’s over $218 million waiting for British Columbians. The not-for-profit organization serves as a “lost and found” for unclaimed funds sitting in dormant accounts across British Columbia.
Some examples of unclaimed property include dormant credit union accounts, insurance payments, money left after death without a will, outstanding real estate deposits, unclaimed wages, court payments, and overpayments to debt collectors.
Funds become unclaimed “when the lawful owner takes no action to access his or her account after a specified period, ranging from one to 10 years depending on the type of account and the holder,” according to BC Unclaimed.
Visit their website to read the full article.
More from BC Unclaimed
The power of your unclaimed money: how BC’s unclaimed funds are serving residents and supporting charities
Learn how unclaimed money is being used to benefit British Columbians while it’s waiting to be claimed.
Why is there so much unclaimed money in BC? What we’re doing to ensure it's claimed by the rightful owner.
At the time of writing this there’s approximately $218 million listed in BC Unclaimed’s database. So why is there so much money sitting unclaimed in BC?
How does money become unclaimed? It’s not just forgetfulness!
Have you ever wondered how someone could forget about their money? This blog post explains why it's not as simple as just forgetting.