Frequently Asked Questions

Is the unclaimed money you search for in Canada only? Or does the search include other countries as well?
Yes, Canada only. However, you don’t have to be a Canadian Citizen and/or live in Canada to be eligible for unclaimed money in Canada. A substantial amount of unclaimed funds in Canada are due to people, companies or organizations in many countries around the world. Some from the U.S., UK, countries in Europe, South America and the list goes on. So, if you are from another country and you have money due to you, all you need to do is provide the appropriate documentation to claim what is yours. In the future our company may offer foreign searches as well.

Can I search for myself, my family or a business?
You can do an individual, family or business search. An individual search is based upon your last name (current or prior last name) and your full or partial first name. A family search only requires last name. The Business search requires entering your business name. Of course the more information you provide concerning the complete name being searched, the more accurate the search.

Who can I search for?
Anyone. However, you may only file a claim for property that belongs to you or for which you are the legal heir. If you are a business owner, you may also search on behalf of your business.

Can I search for my deceased family members?
Yes you can. Only the rightful heir can claim the property.

How often can I search?
You may search as often as you like.

How do I know if the match in the search results is mine?
Is this a province / state that you may have resided in? Do you recognize the name of the company listed? Do you recognize the name of the Bank / Credit Union? Remember, you will need to submit proof that you are eligible to claim the unclaimed fund.

In what form does unclaimed money come in?
Unclaimed money isn't necessarily sitting in the form of bank or Credit Union accounts. Unclaimed money could be a Canadian-dollar deposit or negotiable instrument issued or held by a federally regulated bank or trust company. It can be in the form of bank drafts, certified checks, money orders, GIC, term deposits, credit card balances, or traveler’s check. Besides personal accounts, there are also balances belonging to businesses and community groups.

How do I claim my cash?
To claim money, you have to provide personal documentation proving that the money is yours. If you want to claim money originating from an estate, business, or other organization, you need to provide proof that you have a legal right to it, or in the case of an organization, you have the authority to claim the money on behalf of the organization. (i.e. - you are an officer of that organization)

Is there really a lot of unclaimed money out there?
There are hundreds of millions of dollars out there waiting to be claimed, and there may be a chance that a piece of it belongs to you or someone you know. As well, there is more money going unclaimed every year than there is actually being claimed, resulting in an ever increasing pool of cash. You may want to check your past family tree, too, for names of people who could have forgotten money and you could be the rightful Heir.

Why is it called a “potential unclaimed money search” and not an “unclaimed money search”?
We refer it as a potential search for liability reasons as Unclaimed Assets of Canada is being paid to do a search and provide the result only. At that point, our company is finished our service to the Client. It is up to the Client to take the result of the search and provide appropriate documentation to prove that they are the rightful owner of the unclaimed fund.

Why does your company act as an Agent for the Client and provide a search result through one to two business days? Why not just offer automated searches providing quicker results?
Our Company acts as the Agent for each Client in order to provide a comprehensive quality search utilizing all information provided by the Client to its fullest potential. It is our opinion that automated searches provide a Client with a result that may be limited in scope as the search may be utilizing one source of information only. Furthermore, an automated search result may not necessarily be up to date. When a Client pays us to do a potential unclaimed money search, it is done in a professional manner by a person each and every time utilizing current information. We believe in quality and professionalism every time for each individual Client.

Is there only one fee charged for potential unclaimed money searches?
Yes. $10.95 (includes tax)

There are no other hidden costs. We feel that a Search Fee of $10.95 is a fair price to charge for a potential unclaimed money search. There are some businesses out there that charge much more, and we feel that is just plain greedy. We are here to help you find money that may be due to you.

Pretty good return of investment when a potential search turns up unclaimed money in your name for $1500.00 and you claim it yourself for free because you knew where to find it. And all it cost you was a fair fee to find out where it was.

Can I perform multiple searches?
Yes. However, each name searched is entered and paid for individually. All required fields need to be filled out each time complete with individual payment for each one.

Other than potential unclaimed money searches, please explain the other method utilized by your company to help Clients find their unclaimed money?
First we locate an unclaimed fund. Then we find the Client we think the money is due to and offer our services to claim the money on their behalf utilizing Limited Power of Attorney. The potential Client may choose to find it themselves, or, enter a Contract with our company to act as their Agent to claim it for them. If the Client chooses the latter, then we claim the money on their behalf for a fee of 33.3% of the total Claim + Disbursements.

Could you please provide some examples of assets that go unclaimed?
The list below provides examples of the assets that can go unclaimed. Some of these examples require us to contact the Client individually utilizing our second method of helping people find their unclaimed assets.

Account Balances Due Accounts Payable Accounts Receivables
Agent Credit Balances Bonuses Capital Distributions
Cashier's Cheques Certified Cheques Chequing Accounts
Commissions Condemnation Awards Court Deposits
Credit Balances Credit Card Balances Credit Cheques or Memos
Customer Overpayment Debentures Delay Rentals
Deposit Accounts Deposit Receipts Discounts Due
Dissolution Dividend Reinvestment Plans Dividends
Drafts Equity Payments Escrow Accounts
Escrow Funds Expense Cheques Foreign Exchange Cheques
Funds for Liquidation/Redemption of Unsurrendered Funds held in Fiduciary Capacity Group Policy Benefits or Claim Payments
Guaranteed Investment Certificates (GICs) Individual Policy Benefits or Claim Payments Insurance
Intangible Personal Property Interest (Bond Coupons) Investment Accounts
Liquidation Matured Bond Principal Matured Certificates of Deposit
Membership Fees Mineral Interests Mineral Proceeds
Misc. Cheques Missing Heir Funds Money Orders
Mutual Fund Shares Net Revenue Cheques Official Cheques
Other Amounts Due Under Policy Terms Other Certificates of Ownership Other Court Deposits
Other Tangible Property Outstanding Official Cheques Paying Agents Accounts
Payment for Goods and Services Pension and Profit Share Plans Pension Cheques
Premium Refunds Pre-need Funeral Plans Principal Payments
Proceeds Due Beneficiaries Proceeds from Endowments and Annuities Proceeds from Matured Policies
Production Payments Profits Refunds and Rebates
Refunds Due Registered Cheques Royalties, Overriding Royalties
Safety Deposit Box Contents Savings Accounts Securities
Security Deposits Shut-in Royalties Suspense Accounts
Term Deposits Traveler's Cheques Trust Accounts
Trust Vouchers Uncashed Cheques Uncashed Dividends
Unclaimed Loan Collateral Undelivered Dividends Underlying Shares of Other Outstanding Certificates
Unidentified Deposits Unidentified Remittances Unredeemed Gift Certificates
Unrefunded Overcharges Utility Deposits Vendor's Cheques
Wages, Payroll, Salary Warrants Worker's Compensation Benefits
Working Interest    

 

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