48 SMART: How to Check Your Unclaimed Money
+Smartan Dad

Monday, 31 December 2012

How to Check Your Unclaimed Money

If you have a dormant account with a bank for 10 years, the account would have been closed and the amount inside that account would be transferred to the Registrar of Unclaimed Moneys in accordance to Unclaimed Money Act 1965. Besides dormant bank account monies, Unclaimed money can also be in the form of share dividends, life insurance policies, unclaimed wages and EPF contributions.

You can now check unclaimed moneys under your name or your family members via the index of UMA Compliance and Administration Sdn Bhd (Umaca). You can search for free by keying in your name or identification card number.

If you found money owing to you, you can download the information pack from the website. The information pack includes a checklist of the documents you will need and also a format of your application letter to the registrar. If the value of your unclaimed money is less than RM500, you can download the information pack for free. Else, a sum of 10% of the value will be charged.

You can claim the money yourself by gathering the pertinent documents and approaching the registrar or seek Umaca's assistance on this with charges.


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