Yahoo Finance $467 million unclaimed cash: How to claim yours
NSW residents are being urged to get online and check if they are entitled to a share of $467 million in unclaimed money.
More than 255,000 cheques worth $108 million are waiting to be issued to the rightful owner, with $37 million of unclaimed money in 20 suburbs alone.
Lost money includes unclaimed share dividends, refunds, trust accounts, commissions, deceased estates and more, with unclaimed sums as high as $1 million, NSW Minister for Finance Damien Tudehope revealed on Monday.
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“We know many people are doing it tough, especially during the COVID-19 pandemic, with most households having to keep a close eye on their budget,” he said.
“This is why I am encouraging people to check their eligibility on the Revenue NSW website to see if you are owed any money, you could have hundreds or thousands of dollars that you didn’t know about.”
WATCH: How to save $1,000 in one year.
Money often sits unclaimed due to a change of name, address, lost paperwork or people simply forgetting to claim it. NSW residents can check if they are owed money by visiting the Revenue NSW service.
“The largest single amount held on the unclaimed money register is more than $1 million from a deceased estate in Cabramatta, while there are 10 amounts of more than $500,000 each, waiting to be collected by the rightful owners,” Tudehope said.
“There are also more than 255,000 unpresented cheques worth $108 million waiting to make their way to the proper accounts.”
Across the 10 Sydney and 10 regional suburbs with the most unclaimed cash, there is some $37 million up for grabs.
Sydney, which has the most unclaimed money, has $14.6 million in unclaimed cash with 23,288 lost items of money.
That’s followed by North Sydney, where some $2 million is sitting unclaimed.
In regional NSW, Wollongong has $743,000 unclaimed, followed by Orange with $708,000.
How do I check if I’m eligible for unclaimed money?
Checking is simple: you simply need to search your name.
Not in NSW? Here’s how you can find unclaimed money
New South Wales: NSW Trustee and Guardian or Revenue NSW
Northern Territory: Northern Territory Office of the Public Trustee or Northern Territory Treasury
Queensland: Public Trustee of Queensland
South Australia: Public Trustee South Australia or SA Department of Treasury and Finance
Tasmania: Public Trustee Tasmania or Tasmanian Department of Treasury and Finance
Victoria: State Trustees Victoria or State Trustees Victoria
Western Australia: Public Trustee Western Australia or WA Department of Treasury
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