You might be able to get rich, quick! Vv Magazine’s Aly Zorn has all the details.
In need of some quick cash? It turns out you may be sitting on a pile of money and not even know it. The Bank of Canada is holding nearly $1 billion from bank accounts and Canada Saving Bonds and some of it could be yours – all you have to do is claim it!
While it may feel like you’re winning the lottery, the cash is actually already yours. Unclaimed assets in bank accounts are turned over to The Bank of Canada after every 10 years if no account activity or contact between the customer and the financial institution occurs in this time frame.
To find out if you have unclaimed money, simply enter your name and province at the Bank of Canada’s website and your balance will be revealed.
You’re probably picturing wads of cash piled up in a dust-filled room, but before you get ahead of yourself, don’t try any funny business. You’re likely not the first genius who thought about entering someone else’s name. Before retrieval, the Bank of Canada contacts the original institution to verify your identity and make sure everything checks out.
Although there is a bit of a silver lining; you can check for unclaimed cash in more than one place. Here’s a list of helpful tips to uncover if any more of your precious dollars are being held by the banks.
Was your name on the list? Let Vv Magazine know in the comments below, or tweet us @ViewtheVibe.