Yahoo Finance $575 million in cash waiting to be claimed - how to check if some is yours
Aussies just need to do one simple online check to see if they can score the cash.
Millions of dollars in unpaid money is waiting to be claimed by Aussies, with households being urged to check if they can get a Christmas cash boost.
Revenue NSW is currently holding $575 million in unclaimed money for residents in the state, including unclaimed refunds, share dividends, uncashed cheques and trust account funds.
Unclaimed money is cash that is owed to people who can’t be located. That could be because you’ve changed your name or address, lost paperwork or it has simply been forgotten about. Revenue NSW is urging Aussies to do a simple online check to see if they are owed a share of the cash.
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“There is unprecedented pressure on NSW households juggling rate rises, increasing rents and expensive groceries,” a Revenue NSW spokesperson told Yahoo Finance.
“Claiming part of the $575 million of unclaimed money could be a welcome boost for the family budget over the holidays. Revenue NSW wants to get this money back into the hands of its owners.”
Aussies could be owed a share of hundreds or even thousands of dollars in unclaimed cash, with $667,000 the most amount of money owed to an individual.
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How to check for unclaimed money
To search for unclaimed money, you can visit the Revenue NSW website and click ‘search for unclaimed money’.
Revenue NSW doesn’t charge any fees to make a claim. You will need to have documents at hand to verify you are the rightful owner of the money.
Not in NSW? Aussies across Australia can check for unclaimed money through the following websites:
Federal: search ‘ASIC unclaimed money’
NSW: Revenue NSW
Top areas owed cash
NSW Revenue has also shared with Yahoo Finance the top areas where residents are owed money.
Top 5 metro areas
Sydney City and Inner South - $39,742,117
North Sydney and Hornsby - $25,485,949
Inner South West - $17,746,750
Eastern Suburbs - $17,187,600
Inner West - $12,800,655
Top 5 regional areas
Newcastle and Lake Macquarie - $7,245,020
Illawarra - $5,909,118
Capital Region - $4,413,329
Central West - $4,365,755
New England and North West - $3,958,815
Top 5 claims
Unpresented cheques - $55,500,387
Payment and overpayment - $55,020,333
Dividend payment - $32,088,699
Trust fund and trust account - $30,365,285
Unclaimed deposit - $14,158,577
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