$190 million sitting unclaimed in BC, Daily Hive's article highlights
May 10, 2023
The Daily Hive recently published an article featuring some of our latest stats and the flow chart documenting the process to claim your funds from our office:
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 $190 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 the Daily Hive's website to read the full article.
More from BC Unclaimed
BC government proclaims May 15th as Unclaimed Property Day recognizing the BC Unclaimed Property Society’s 20th anniversary
The BC government has issued a proclamation designating May 15 as Unclaimed Property Day
BC Unclaimed has appointed Kate Hammer, Vice President, Engagement, at Vancouver Foundation to its board of directors.
BC Unclaimed is celebrating our 20th anniversary and introducing a whole new look and feel for the organization.