Unclaimed money

How to find your lost money

Around $1 billion is available to be claimed from lost bank accounts, shares, investments and life insurance policies.

Money becomes unclaimed when people move house and forget to update their details with the company who holds the money.

Bank accounts become unclaimed after 3 years if the account is inactive (no deposits or withdrawals). This changed from 7 years in December 2012.

Unclaimed money deposited with ASIC is transferred to the Commonwealth of Australia Consolidated Revenue Fund. The unclaimed money received by ASIC is always claimable by the rightful owner and there is no time limit on claims.

Our MoneySmart website provides guidance on how to find unclaimed money.

Related link

Last updated: 17/10/2014 11:42