As administrators of New Brunswick’s Unclaimed Property Program, the Financial and Consumer Services Commission of New Brunswick encourages residents to regularly visit FundsFinderNB.ca to search for forgotten funds.
What is unclaimed property?
Unclaimed property is money and monetary property held by businesses, government organizations and other institutions that has been forgotten by its owners. In some cases, the rightful owners cannot be found, or do not know about the existence of the property.
The most common types of unclaimed property in New Brunswick are:
- Overpayments and refunds
- Investment accounts
- Security deposits
- Amounts payable under a life insurance contract
- Deposits in a provincially regulated financial institution, like credit unions
The Unclaimed Property Program does not cover real estate, furniture, animals or vehicles. It also does not cover money forgotten in federally regulated bank accounts; the Bank of Canada has its own unclaimed property program.
How can you keep your money from becoming unclaimed?
Every year, hundreds of thousands of dollars go unclaimed in New Brunswick. Money and monetary property can become lost due to lack of communication between companies and owners. You should contact institutions that hold your money every year, especially if you changed address or marital status. Keep accurate financial records, and record all insurance policies, security investments as well as rent and utility deposits.
How can you find money that has become unclaimed?
Searching for your unclaimed money is easy with FundsFinderNB.ca, an online tool that allows you to search for and claim what is rightfully yours.
You can search for unclaimed funds for free on the Funds Finder database. Beware of scammers who may contact you; check with the Commission if you receive communication from someone claiming they can help you find unclaimed money for a fee.
For more information about unclaimed property, visit FundsFinderNB.ca.