Tagged Knowledge Base

What is Unclaimed Money?
Generally, unclaimed moneys are classified into the following categories: All sums of money which are legally payable to the owner and have remained unpaid for a period of not less than one (1)...

Category: Banking & Finance » Banking
Who can apply for refund of unclaimed moneys? Who is entitled to unclaimed moneys?
Section 8, Part II (Moneys in Companies and Firms) of the Unclaimed Moneys Act 1965 (Act 370) states: Section 8 Interpretation, Part II (Moneys in Companies and Firms) of the Unclaimed Moneys Act...

Category: Banking & Finance » Banking
Is there a time limit on when I can apply for a refund of unclaimed moneys held by the Registrar of Unclaimed Moneys? Will my information on the Registrar's database be removed after a particular time?
No, there is no time limit on when the owner can reclaim funds from the Registrar of Unclaimed Moneys. Any person who has the legal right on unclaimed moneys lodged with the Registrar of Unclaimed...

Category: Banking & Finance » Banking
Who must comply with Unclaimed Moneys Act 1965? Which companies or societies come under the Act by depositing funds with the Government?
Under the Unclaimed Moneys Act 1965, the following entities must comply with the Unclaimed Moneys Act 1965 by remitting the unclaimed moneys to the Government for safekeeping of the money for the...

Category: Banking & Finance » Banking