Where does unclaimed money come from?
Money can become unclaimed for many reasons. Here are a few examples: • In Australia, if a bank account lies dormant for 6 years (no deposits or withdrawals), it will become unclaimed. • If a person owns shares that pay dividends, and have not received or deposited their dividend cheque, the dividend amount will become unclaimed money. • If a person has changed jobs frequently, they may have money in a number of superannuation (retirement) accounts. This may end up as lost super.
