Ha, you probably thought I was going to give you an update on the Change Challenge, but you are mistaken. I’m writing today to tell you about “unclaimed balances” in Canadian banks.
What is an unclaimed balance?
As stated by the Bank of Canada, it is “a Canadian-dollar deposit or negotiable instrument, issued or held by a federally regulated bank or trust company.” What does this mean? It means that if you left money in a bank account for more than 10 years, it was turned over to the Bank of Canada.
Why are you telling me this?
I’m telling you this because you might have money waiting for you! Money you completely forgot about, although I don’t know how anyone could possibly forget about money in a bank account that was theirs, but that’s another story. The point is, you can go search on the website and see if they have any money for you…or your family…or your friends….(you get the point.)
Okay, so do you have any unclaimed money waiting for you?
Sadly, no, I don’t have any, but I didn’t figure I would, since I’ve always been aware of what money I had and where it was. I did do a search for both of my deceased parents though, since I wasn’t privy to all of their financial dealings. Again, I was shut out.
But it’s definitely fun to go look, because you just never know. Leave me a note in the comments if you actually found some money, I’m curious to know.
We are on some weird wavelength lately. First the NHL celebrity bloggers now this. My brother emailed me on Friday about unclaimed money my uncle has. Weird.