OwedForgotten bank account? The Bank of Canada may have it
When an account at a federally regulated bank has no activity for 10 years, the money goes to the Bank of Canada. It holds $1.6 billion, and you can search for free.
Check what I'm owedFree official searches. You claim directly from the government, so no one takes a cut.
What it covers
- Bank accounts, GICs and bank drafts at federally regulated banks.
- Balances under $1,000 are held for 30 years; $1,000 or more for 100 years.
- Credit union accounts are provincial, so check your province's program too.
How to search
Search your name and any past names on the Bank of Canada's unclaimed properties site. If you find a match, you can claim it on the same site.
Is there a fee?
No. Searching and claiming with the Bank of Canada is free.
Does it include credit unions?
No. Credit unions are provincially regulated; BC, Alberta, Quebec and New Brunswick run their own searches.
Can I search for a relative?
Yes, and an heir or executor can claim with the right documents.