What are unclaimed assets?

March 15, 2019

Unclaimed assets refer to accounts held by financial institutions and other businesses who have lost contact with their owner of record (also known as Unclaimed Money or Property). Unclaimed assets include, but is not limited to: wages, savings accounts, customer refunds, accounts payable, insurance payments, shares of stock, dividends, proceeds from a sale, royalties and contents from safe deposit boxes.

 

Unclaimed assets eventually end up in government registers waiting to be collected by its rightful owners.