Claim Your Unclaimed Balances

Want some long lost money out of the past? The Bank of Canada has a website which allows you to search for unclaimed balances such as forgotten bank accounts, cheques, drafts, money orders, term deposits, credit card balances, etc. When a bank or trust company ends up holding money for over 10 years and there’s no activity, the funds must be turned over to the Bank of Canada. After 40 years, the unclaimed money is forfeit.

What the heck? Even if you can’t remember abandoning financial assets at any time in your life, it’s still fun to type your name into the search form to see what comes up. In my case, there were three results for namesakes but nothing belonging to me.

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