Most people and organizations we contact are initially very surprised when told they have a sum of money owing to them, "surely we'd remember" most say! They are also pleased that the money is available to them and have no idea where it is or how to recover it.
There are many ways that money can become "Unclaimed" and left in a Government Department fund. Here are the most common forms of unclaimed money:
Wages/Salaries
Forgotten Bank Accounts
Utility Deposits/Refunds
Inheritances
Lost Superannuation
Cash back/Rebates
Unclaimed Superannuation
Demutualisatons
Closed/Merged Banks
Commissions
Overpayments/Refunds
Lenders Mortgage Insurance
Rental Bonds
Shares/Dividends
Safe Deposit Boxes
Deceased Estates
Overseas Unclaimed Money
Class Action Settlements
Unclaimed Packages
Personal Property
Life Insurance Policies
Lottery Winnings
Council Refunds
Tax Returns
It may have been forgotten about, misdirected in the post (or returned from a wrong address) or it may have been sent to an old address and not forwarded on. In any case, the money has been sent in to a Government Department specifically set-up to hold these funds until they are recovered. Sadly, 98% of this money is never returned to its owners!