1. Background

The Unclaimed Monies Unit of the Australian Securities & Investments Commission (ASIC) provides an excellent tool for individuals and businesses looking to see if they are owed any money on lost or unclaimed bank accounts, life insurance policies, or where their shares have been compulsorily acquired.

You can conduct a free online search for unclaimed money at ASIC's Fido website.

2. A Problem

The Fido website requires you to search on the specific name you are looking for. This is restrictive because it only identifies names that exactly match the full or partial name that you have requested the search on.

Any spelling difference between what you enter and what is held on ASIC's database will result in the search not identifying the name you are looking for. Even a blank space between letters will produce a no find result.

And small spelling differences are very common!

3. Our Solution

We have compiled a database of unclaimed monies listed in the ASIC Gazettes since 2001 [more info].

Our database includes the address recorded for the unclaimed bank account, life policy or shareholder concerned.

For a small fee we will send you a list of all unclaimed monies with an address in a particular suburb or postcode. (Or we can do a special search for a particular person.)

A glance through the list we send you will allow you to see if you or your clients are due any unclaimed or lost money. See example.