In a world where every dollar counts, the idea of unclaimed money sitting in bank accounts or as dividends can be tantalising. Whether it’s an old savings account you forgot about or dividends from shares you weren't aware you owned, tracking down and claiming this money can significantly boost your finances. In this guide, we’ll walk you through the process of locating and claiming unclaimed bank money and dividends in Australia. Plus, we'll introduce you to Voosh Finance's Finance Insight Report – a FREE tool to help you manage your financial life more efficiently.
Unclaimed money refers to funds in financial institutions that have been untouched for a significant period. In Australia, these funds are transferred to the government after a specific time if they remain inactive. This can include:
Start by checking if you have any unclaimed bank accounts. The Australian Securities and Investments Commission (ASIC) maintains a database of unclaimed money, which you can search online.
Once you identify unclaimed money, you can submit a claim:
Dividends from shares are another common source of unclaimed money. Here's how to find and claim them:
Start by reviewing your investment records or any correspondence from companies in which you’ve held shares. Look for any notifications of unpaid dividends.
Most companies use share registries to manage their shareholders and dividends. Contact the share registry to check for unclaimed dividends. Major registries in Australia include:
Provide your shareholder details and request information about any unclaimed dividends.
If you find unclaimed dividends:
To avoid losing track of your funds in the future, consider the following tips:
Claiming unclaimed money from bank accounts and dividends can provide a pleasant financial surprise. By following the steps outlined above, you can ensure that any forgotten funds make their way back into your wallet. To prevent future instances of unclaimed money, make use of Voosh Finance's Finance Insight Report, a FREE tool designed to help you stay on top of your financial game.
Don't leave your money languishing in forgotten accounts. Start your search today with the ASIC database and contact relevant share registries for unclaimed dividends. And remember, Voosh Finance's Finance Insight Report is here to help you manage your finances effectively and ensure you’re making the most of your money. Sign up for FREE today and take control of your financial future!
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