Here’s some news that you don’t hear everyday – according to a report by The Straits Times, the Singapore Government is currently holding on to a pool of almost SGD$150 million.
Who does this money belong to? Well, more than 95% of it is owned by the Ministry of Law on behalf of deceased estates, pawnbrokers and creditors of insolvent estates, as ST reports.
Unclaimed money is typically transferred into government funds after 6 years. However, The Ministry of Finance (MOF) pledges to repay all legitimate claims irrespective of when they date back to or where the monies are held.
It is also interesting to note that the amount of unclaimed monies being held has actually doubled from $67.8 million in 2012 to $148.4 million in 2015.
And here’s the best part – you could be one of the 34,000 people/businesses that can claim money from this pool.
To check, simply go to this website – http://www.unclaimedmonies.gov.sg/
It’s also not everyday that you see such old-fashioned websites!
Visitors can simply utilise the search bar at the top right hand corner to search if they (or their business) have an outstanding claim.
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Featured Image Credits: The Straits Times
