Check if ASIC is holding any unclaimed funds on your behalf on their Moneysmart website. Once this money is received by ASIC and customer details are loaded on to their Moneysmart website, usually by late April, you can commence the claims process by following these steps: Westpac must remit unclaimed moneys to ASIC by 31 March each year. Please note that this process can take up to 3 months. If you don’t activate your account, Westpac can assist you in claiming the funds from ASIC once they’ve been transferred.ĪSIC maintains a database of unclaimed moneys transferred from financial institutions for this purpose. If you would like to activate your account but are unable to, please call us on 132 032 and we can do this on your behalf. You can activate your account by making a transfer or deposit of at least $0.01. Before this is done, Westpac may notify you by letter, email, message centre notification and/or phone call (depending on what mailing address, email address and contact number we have for you on file) that your account will be closed if you do not take steps to activate it. Westpac is required to close these accounts and remit the funds to the Australian Securities and Investments Commission (ASIC) by 31 March each year. Note: Interest earned and fees charged do NOT constitute items that can activate an account.Įxemptions for particular account types do apply. In return, they charge a commission after the money is recovered.Funds in bank accounts are considered “unclaimed” when the account has a balance ≥ $500 and is inactive (meaning customers have not made a deposit or a withdrawal on the account for 7 years or longer) and you have not notified us that you wish to treat the account as active. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it. 
There is a little known business that lets you do that.
3rd Street, Room 150 Baton Rouge, LA 70802 Did you know you can make money finding unclaimed money for other people? You can contact the Unclaimed Property Office atġ051 N. You can obtain more information about an item by clicking on the Property ID number, but this will only reveal an amount range. The Treasury does not publish dollar amounts to protect the privacy of the owners. If you have never lived at the address listed, there is a very good possibility this money does not belong to you.
If the address listed is your address or a previous address, you must submit a claim with a copy of your driver’s license or other picture ID, Social Security number (required) and proof of the previous address. This could be either by verifying the Social Security Number, verifying a current and/or previous address or proving an association with the holder. The Louisiana Treasury site allows you to search the State Treasurer’s Unclaimed Property Database to determine if they are holding unclaimed assets belonging to you or your family or business.Īll claims made with the office must include positive proof of ownership. Unclaimed assets are reported in the name and last known address of the owner(s) along with the Social Security number, if available.
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