It may not be free money, but itβs the next best thing: Many Canadians are sitting on a pile of forgotten cash thatβs free to claim.
This isnβt some kind of get-rich-quick scheme β the money potentially awaiting you on this website is actually yours. The Bank of Canada is holding nearly $1 billion from bank accounts and Canada Savings Bonds. Unclaimed assets in bank accounts are turned over to the Bank of Canada after 10 years go by without account activity or contact between a customer and her financial institution.
Enter your name and province at the Bank of Canadaβs website to see if some of the millions of dollar in unclaimed balances belongs to you.
And even though it looks easy, donβt get any greedy ideas about claiming someone elseβs cash. Once you make a claim, the Bank of Canada contacts the original institution for information to verify your identity.
You can also check out this list of websites to see if any more of your cash is being held for you by the bureaucrats.