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

Vehicle incident near Ruby Creek, Drive BC reports

No information about delays or closures available yet

Last day of summer should be pleasant across the Fraser Valley

With fresh air, some sunshine in the forecast nothing to complain about as fall arrives tomorrow

Young Abbotsford cancer survivor rides 105-km with Terry Fox’s brother

Jacob Bredenhof and Darrell Fox’s cycling trek raises almost $90,000 for cancer research

Abbotsford parents upset as district gets cohort exemption to maximize class sizes at elementary school

Classes and cohorts shuffled after division eliminated at King Traditional elementary school

B.C. families financially affected by pandemic eligible for grocery gift cards

Program open to struggling families in Lower Mainland and Fraser Valley communities

Quirky Canadian comedy ‘Schitt’s Creek’ takes Emmys by storm with comedy sweep

Toronto-raised Daniel Levy and Ottawa-born Annie Murphy both got supporting actor nods

B.C.’s Chase Claypool catches first NFL touchdown pass

Abbotsford grad establishes new record for longest scrimmage TD by a Canadian

B.C. has highest number of active COVID-19 cases per capita, federal data shows

B.C. currently has 1,803 active cases after weeks of COVID-19 spikes in the province

Mission poker player missing in Nevada is found alive and safe

Brad Booth went missing in July 13, found in mid September

B.C. unveils new cannabis sales programs to help small, Indigenous growers

Government did not say how it will define small producers, but says nurseries will be included in the policy

B.C. transportation minister will not seek re-election

Claire Trevena has held the position since 2017

VIDEO: Shots fired outside Langley gas station that was scene of 2018 homicide

No reports of injuries in Saturday evening incident

B.C. migrant, undocumented workers rally for permanent residency program

Rally is part of the Amnesty for Undocumented Workers Campaign led by the Migrant Workers Centre

Most Read