Under the current law, all unclaimed monies are held by the Registrar in the Consolidated Trust Account for 15 years. The proposed amendments will see the 15-year period reduced to 10 years.<\/div><\/div>\n
Here\u2019s how to check if you have any unclaimed money.<\/p>\n
<\/span>But first, what is unclaimed money?<\/span><\/h2>\nUnclaimed money can refer to unpaid money that is legally payable to you, or money that has been dormant for many years. According to the Accountant General\u2019s Department<\/a> of Malaysia, there are three categories of unclaimed moneys:<\/p>\n\n- Money that has been unpaid for at least a year (e.g. salaries, bonuses, dividends, insurance claims, etc.).<\/li>\n
- Money that has been idle for at least seven years (e.g. savings account, current account, fixed deposit).<\/li>\n
- Money to the credit of a trade account that has been dormant for at least two years (e.g. trade creditors account, trade debtors account with credit balance).<\/li>\n<\/ul>\n
<\/span>How to check for unclaimed money online<\/span><\/h2>\nA few years ago, you\u2019d have to physically go to a Registrar of Unclaimed Money counter to check for unclaimed money and apply for a refund.<\/p>\n
But with the Electronic Government Unclaimed Money Information System (eGUMIS) portal, you can now do that online. When the portal first launched, you could only check for unclaimed money, but still had to make a physical or e-mail application to the Accountant General\u2019s Department. Today, you can initiate the entire refund process through the portal. Here\u2019s how.<\/p>\n
<\/span>1. Register at eGUMIS<\/span><\/h3>\nHead to the eGUMIS portal<\/a> to register a new account.<\/p>\n<\/span>2. Update your eGUMIS profile<\/span><\/h3>\nWhen you log in for the first time, you\u2019ll be asked to update your profile with these details.<\/p>\n
![\"Log](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/15153334\/first-time-login-cropped-300x268.jpg\")
<\/p>\n
<\/span>3. Search with an IC number<\/span><\/h3>\nOnce you\u2019ve updated your profile, you will be taken to the eGUMIS dashboard. To start your search, click on \u201cClick here to check for unclaimed moneys\u201d.<\/p>\n
![\"\"](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/15153514\/click-here-to-check-for-unclaimed-money.jpg\")
<\/p>\n
Enter the identification number you want to check. Note that you can only check a maximum of two numbers a day – you\u2019ll have to wait for the next day if you want to check more numbers.<\/p>\n
If the identification number you entered has any unclaimed money, you\u2019ll see search results appear below. Click \u201cProceed To Application\u201d to continue.<\/p>\n
![\"\"](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/15154142\/unclaimed-money-cropped-1.jpg\")
<\/p>\n
<\/span>4. Add payee details<\/span><\/h3>\nHere\u2019s where you\u2019ll see the application form.<\/p>\n
![\"\"](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/15154214\/application-cropped.jpg\")
<\/p>\n
Click \u201cAdd Payee\u201d to fill in the details of the person who should receive the refunded money.<\/p>\n
![\"\"](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/15154310\/add-payee-cropped.jpg\")
<\/p>\n
Save the payee information, then click “Next”.<\/p>\n
<\/span>5. Upload relevant documents<\/span><\/h3>\nNext, you\u2019ll be asked to upload the necessary documents to complete the application. You\u2019ll need these documents:<\/p>\n
\n- A copy of your IC, passport or other form of identification<\/li>\n
- A copy of your active bank account statement<\/li>\n<\/ul>\n
If you are claiming these funds on behalf of a parent or spouse, you may need additional documents, such as your birth or marriage certificate.<\/p>\n
Once you\u2019re done uploading the documents, you can click \u201cNext\u201d. When you complete the application, you will see a notice that your \u201cRecord has been successfully submitted\u201d.<\/p>\n
<\/span>Finally, wait for your refund<\/span><\/h3>\nWhile your application is still pending, you can log into the portal any time to check on its status. If your documents have been successfully verified, you will receive an e-mail notification from eGUMIS that your application has been successful. Your payment will be credited to your bank account within 30 working days from the date of the notification.<\/p>\n
If your documents could not be verified, you will receive a notification from eGUMIS, asking you to log back into the portal and reupload the correct documents.<\/p>\n
All in all, applying for a refund through eGUMIS is a painless process. If you already have your documents ready, it could take mere minutes \u2013 that\u2019s well worth the effort to reclaim any money you may have forgotten about.<\/p>\n
Did you know EPF also has unclaimed monies?<\/p>\n
The Employees Provident Fund (EPF) had announced recently that it is trying to get in touch with members aged 100 and above who still have savings in the EPF.<\/p>\n
It is urging these members or their heirs to check the unclaimed savings using their ID card or EPF number on the page shown below.<\/p>\n
![\"check](\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/03\/26003707\/EPF-unclaimed-monies.png\")
<\/a><\/p>\nYou can also reach out to the EPF Contact Management Center at 03-8922 6000.<\/p>\n
- \n
- Money that has been unpaid for at least a year (e.g. salaries, bonuses, dividends, insurance claims, etc.).<\/li>\n
- Money that has been idle for at least seven years (e.g. savings account, current account, fixed deposit).<\/li>\n
- Money to the credit of a trade account that has been dormant for at least two years (e.g. trade creditors account, trade debtors account with credit balance).<\/li>\n<\/ul>\n
<\/span>How to check for unclaimed money online<\/span><\/h2>\n
A few years ago, you\u2019d have to physically go to a Registrar of Unclaimed Money counter to check for unclaimed money and apply for a refund.<\/p>\n
But with the Electronic Government Unclaimed Money Information System (eGUMIS) portal, you can now do that online. When the portal first launched, you could only check for unclaimed money, but still had to make a physical or e-mail application to the Accountant General\u2019s Department. Today, you can initiate the entire refund process through the portal. Here\u2019s how.<\/p>\n
<\/span>1. Register at eGUMIS<\/span><\/h3>\n
Head to the eGUMIS portal<\/a> to register a new account.<\/p>\n
<\/span>2. Update your eGUMIS profile<\/span><\/h3>\n
When you log in for the first time, you\u2019ll be asked to update your profile with these details.<\/p>\n
<\/p>\n<\/span>3. Search with an IC number<\/span><\/h3>\n
Once you\u2019ve updated your profile, you will be taken to the eGUMIS dashboard. To start your search, click on \u201cClick here to check for unclaimed moneys\u201d.<\/p>\n
<\/p>\nEnter the identification number you want to check. Note that you can only check a maximum of two numbers a day – you\u2019ll have to wait for the next day if you want to check more numbers.<\/p>\n
If the identification number you entered has any unclaimed money, you\u2019ll see search results appear below. Click \u201cProceed To Application\u201d to continue.<\/p>\n
<\/p>\n<\/span>4. Add payee details<\/span><\/h3>\n
Here\u2019s where you\u2019ll see the application form.<\/p>\n
<\/p>\nClick \u201cAdd Payee\u201d to fill in the details of the person who should receive the refunded money.<\/p>\n
<\/p>\nSave the payee information, then click “Next”.<\/p>\n
<\/span>5. Upload relevant documents<\/span><\/h3>\n
Next, you\u2019ll be asked to upload the necessary documents to complete the application. You\u2019ll need these documents:<\/p>\n
- \n
- A copy of your IC, passport or other form of identification<\/li>\n
- A copy of your active bank account statement<\/li>\n<\/ul>\n
If you are claiming these funds on behalf of a parent or spouse, you may need additional documents, such as your birth or marriage certificate.<\/p>\n
Once you\u2019re done uploading the documents, you can click \u201cNext\u201d. When you complete the application, you will see a notice that your \u201cRecord has been successfully submitted\u201d.<\/p>\n
<\/span>Finally, wait for your refund<\/span><\/h3>\n
While your application is still pending, you can log into the portal any time to check on its status. If your documents have been successfully verified, you will receive an e-mail notification from eGUMIS that your application has been successful. Your payment will be credited to your bank account within 30 working days from the date of the notification.<\/p>\n
If your documents could not be verified, you will receive a notification from eGUMIS, asking you to log back into the portal and reupload the correct documents.<\/p>\n
All in all, applying for a refund through eGUMIS is a painless process. If you already have your documents ready, it could take mere minutes \u2013 that\u2019s well worth the effort to reclaim any money you may have forgotten about.<\/p>\n
Did you know EPF also has unclaimed monies?<\/p>\n
The Employees Provident Fund (EPF) had announced recently that it is trying to get in touch with members aged 100 and above who still have savings in the EPF.<\/p>\n
It is urging these members or their heirs to check the unclaimed savings using their ID card or EPF number on the page shown below.<\/p>\n
<\/a><\/p>\nYou can also reach out to the EPF Contact Management Center at 03-8922 6000.<\/p>\n