What is Unclaimed Money

Unclaimed money is money that belongs to you but hasn’t been able to reach you for one reason or another. This can happen when a company, government department, solicitor, or financial institution tries to send you a payment, but the cheque gets returned, your bank details are outdated, or they simply can’t track you down.

By Aussie law, businesses must transfer these unclaimed funds to government trust accounts if they remain unpaid for a certain period. The money stays there until it’s claimed by the rightful owner or eventually expires.

There are heaps of different types of unclaimed money, including:

• Old bank accounts
• Unpaid share dividends
• Forgotten super or investments
• ASX member share allocations
• Life insurance payouts
• Uncashed cheques
• Refunded bonds or deposits
• And plenty more

A lot of Aussies don’t even realise they’ve got money waiting for them — that’s where Our Refund steps in to help track it down and make the process easy.