B.C. non-profit has $150 million of unclaimed cash & cheques. Does some belong to you?

Only a small portion of millions of dollars of forgotten or unclaimed money is ever claimed

Have you forgotten about a paycheque? Or, maybe you’re the person who lost $1.9 million.

Well, just because you’ve forgotten about money owed to you or held in old bank accounts doesn’t mean it’s lost forever.

The Vancouver Foundation and a little known provincial non-profit is sitting on more than $150 million in cash and assets that has gone unclaimed or been otherwise forgotten by generations of British Columbians. Some of that property dates back to 1859.

But just because you lost your cash, doesn’t mean you can’t get it back.

The society allows people to search its database for their own name. If you spot your name, you can then fill out a form that will start the process to determine whether the property in question actually belongs to you.

Click here to search your name. (If you end up actually finding and retrieving lost money, we’d love to hear from you after you get your lost cheque. Email tolsen@abbynews.com)

Last year, the British Columbia Unclaimed Property Society (BCUPS), which administers the provincial program, returned about $1.7 million to people.

But most money is never claimed – in 2018, more than $6 million went into the provincial unclaimed property pile. And since the BCUPS was created (taking over from a previous program) it has taken in about $96 million worth of unclaimed money, and paid out less than $15 million.

The largest amount claimed thus far has been $357,262. But the BCUPS is sitting on a larger pile: a dormant account holding $1.9 million is still waiting to be claimed.

If you worked for UBC in the 1990s, you might have particular reason to search your name. In 2016, the university found that 15,000 cheques had never been picked up before UBC implemented a direct-deposit payroll system. The university ended up transferring 9,000 accounts – $4.1 million in total – to the BCUPS.

Have you lived in another province, click here and go to the bottom of the page to find links to unclaimed property programs in Alberta, Manitoba, Quebec and other locations.

Do you have something to add to this story, or something else we should report on? Email:
tolsen@abbynews.com


@ty_olsen
Like us on Facebook and follow us on Twitter

Finance

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Research casts ‘last stop sign on Trans-Canada’ claim into doubt

Sign was removed from junction of Highways 1 and 97 in Cache Creek in February 1984

Savona athletes head to BC Winter Games

Akira Susanj and Alexander Teague competing in karate events

Ashcroft councillor wants to revisit Village’s burning bylaw

Raven Nyman’s regular report on Ashcroft council

Cache Creek unsuccessful in bid for Quartz Road bridge funding

Highlights from the most recent meeting of Cache Creek council

Assessment of systems at Cache Creek sewage plant recommended

Committee of the Whole meeting hears of issues at plant caused by power failure

VIDEO: 7 things you need to know about the 2020 B.C. budget

Surplus of $227 million with big spending on infrastructure and capital projects

Wet’suwet’en hereditary chiefs say they’ll meet with ministers if RCMP get out

Federal minister in charge of Indigenous relations has proposed a meeting to diffuse blockades

Trees Cannabis director fined $1.5M for selling marijuana

Fine follows provincial crackdown on popular dispensary

World Cup skier from Okanagan dies suddenly at 19

Kuroda, who made his World Cup debut earlier this year, passed away suddenly Monday night.

Coastal GasLink pipeline investor committed to closing deal despite protests

Developer TC Energy Corp. — formerly TransCanada Corp. — is to remain the operator of the $6.6-billion pipeline

New highway proposed between Alberta and B.C.

The route would connect Red Deer to Kamloops

What’s in a name? The story of Revelstoke’s Mt. Begbie

It’s likely the iconic peak had several Indigenous peoples’ names before settlers arrived

Budget 2020: B.C. Liberals blast ‘Netflix tax,’ lack of economic plan

ICBC rates still go up, except in election year, Shirley Bond says

Maggie and Tim: A residential school survivor and her son who died on B.C. streets

Part one of a two-part series on a young man’s tragic death and his mother’s survival through hardship

Most Read