WHY HAVE I BEEN CONTACTED REGARDING FUNDS THAT HAVE BEEN LOST?
At Lost Money Trackers, we take it upon ourselves to reach out, assist and work with people that are entitled to their lost and unclaimed money. We may have contacted you because we believe that lost money may be owed to you. In most cases, people are unaware that their money is lost and waiting to be claimed, so it’s likely to be a nice surprise to learn that money could be owed to you that you didn’t even know about.
WHAT IS LOST AND UNCLAIMED MONEY?
Unclaimed money or lost money is a term used to describe monetary assets (funds) that have been unable to be returned to the entity they belong to. Each year, thousands of Australian individuals and businesses all around the country lose complete track of the money they own. Some examples of the types of Unclaimed money range from bank accounts, shares, unpresented cheques, investments & life insurance policies to name a few. This often happens because of a change of address, a change of name, a change of employer, a move overseas and, sometimes just plain oversight. When this occurs, the money is then considered “Lost” as Institutions have exhausted all their means in trying to locate the owner/s of the funds. Subsequently, the Lost money is then transferred over to a Regulated Trust Account and remains there while it is “unclaimed”. What may interest you is that, if the owner/s of this money do not step forward to claim it within the specified timeframe, the money is then taken up as Government Revenue and once they have it, it’s gone – you have zero chance of ever getting back. Unfortunately, in most cases, this generally ends up being an inevitable fate, unless the correct owner/s step forward to claim it.
Each “Holding Authority” of the lost monies in each state of Australia, has their own individual set of laws & procedures relating to the successful recovery of “Unclaimed funds”. This can make the claiming process quite involved, as small mistakes can often lead to a much more difficult return process and may require months of assistance in order to complete the claim. Therefore, it’s in the client’s best interest that their claim is done right the first time with the help of professional experts to ensure the successful return of their entitlement.
WHO WE HELP
Individuals
Corporate & Businesses
Government & Charities
HOW EXACTLY DO YOU RECOVER MY FUNDS? AND HOW IS MY MONEY RETURNED?
Our recovery experts, undertake thorough investigation in searching for Unclaimed funds, as well as locating & contacting potential owner/s using advanced skip tracing systems. Once the correct owner has had their identity verified & we have obtained all necessary documentation from client, requested by the Holding Authority of the funds such as, evidence that connects them to the lost money, amongst other documents… we then proceed to assist with the claiming process by managing documentation, preparing and submitting the claim. Depending on which state of Australia where the funds are held, clients can have their money sent to them either by cheque through the mail or have it deposited directly into their nominated bank account.
HOW DO PEOPLE MISPLACE MILLIONS OF DOLLARS EVERY YEAR?
Every day, Individuals & Businesses unintentionally leave cash in Financial Institutions, Insurance Companies & the like. It’s human nature to forget and even the best kept records can quite often miss important details. As absurd as it sounds, it happens constantly. It’s estimated that 1 in 3 individuals have money owing to them without their knowledge. Most commonly, money is lost because of:
Overseas Move
Perhaps you forgot about a deposit? (It’s more common than you think.) Many people move overseas and forget to notify or change their details with their service providers.
Oversight
Maybe you invested in some shares when you were 20 and forgot all about them, this is quite common. People forget about their investments all the time.
Moved House
Perhaps you moved house and may have forgotten to update your new contact details to the relevant organisation and they were unable to contact you or your new address may not have been updated correctly.
SOME TYPES OF LOST MONEY WAITING TO BE REUNITED WITH ITS OWNERS:
$ 651
Million Shares
$ 1.2
Billion Bank Accounts
$ 84
Million Life Insurances
TESTIMONIALS
WHAT PEOPLE ARE SAYING
“I’m so glad that I received a call from Lost Money Trackers, I couldn’t believe that such an amount was owing to me… It could not have come at a better time!“
“Thank you Jose for your assistance with the recovery of my Lost Funds, I cannot even begin to explain how I felt when the money was deposited directly into my bank account.“
“Thanks Jose for helping me eliminate the complexities of the claiming process, I cannot wait to bank the cheque I received in the mail. Your help with submitting the right documents was much appreciated“
WHAT LAWS DO YOU AS A CONSUMER HAVE TO ABIDE BY?
There are many laws in place to protect you as a consumer and your lost money. It is an offence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to give false or misleading information as part of your documentation in order for us to Lodge a claim on your behalf. This ensures that the provision of our services to you adheres to the laws & regulations we are bound by, as we strive to undertake correct procedures so that the successful recovery of your lost funds is achieved.
HOW DO WE STAY UP TO DATE?
We are trained through Create, they serve as a third party validating our claim as a refund consulting agency. We are frequently updated with industry information which keeps our knowledge and training relevant so you can be sure you are putting your trust in the hands of up-to-date industry experts.