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

Elkford Chamber launches a Youth Chamber Program

The program encourages youth to start their own businesses while developing community connections

Grad Committee donates leftover funds to food bank

Approximately $3,650 was donated to the Salvation Army Food Bank in Fernie

Health care priorities debated following surprise funding announcement

Surprise provincial funding stirs debate on local health care priorities during regional meeting

Fernie treated to a Tiny Concert in the Park

Shred Kelly members Tim Newton and Sage McBride played a live concert for the first time since February

Community groups receive funding through annual CFKR grants

Groups throughout the entire Elk Valley were supported through this year’s round of funding

B.C. records 30-50 new COVID-19 cases a day over weekend, no new deaths

Many of those testing positive were identified by contact tracing for being linked to other confirmed infections

Over half of Americans oppose Trump tariff on Canadian aluminum: survey

The survey was conducted Aug. 7 to 9 among 1,513 Canadians and 1,003 Americans

Oh baby, what a birthday gift: $2.8M raised to help B.C. boy with rare disease

‘We are very thankful to everybody,’ Aryan Deol’s father says

‘Huckleberry’ the bear killed after B.C. residents admit to leaving garbage out for videos

North Shore Black Bear Society said it was local residents who created a ‘death sentence’ for bear

Police investigating after insults, expletives yelled at federal minister’s staff

A 90-second video circulating on social media appears to have been shot by the person who was yelling

5 B.C. First Nations call out Canada for ‘discriminatory’ food fish practices

West Coast nations say government ignoring court-won right to chinook and coho

Lost dog reunited with family 3 months after going missing on remote B.C. trail

‘The poor thing was skin and bones,’ says one of its Vancouver Island rescuers

B.C. marine ecologist wants Canada to sink its teeth into shark protection

Gulf Islands scientist says top predator under shocking threat from human behaviour

Rent-relief program becomes new front in fight between Liberals, opposition

Opposition trying to draw parallels between decision to have Canada Mortgage and Housing Corp. run program and the WE controversy

Most Read