[LINK] Spam filters may increase government unclaimed account revenue

[Jan Whitaker]

At 10:06 AM 17/04/2013, Tom Worthington wrote:

>Australian banks are required to send the government any money in an
>account which has not been used for three years. Had I not read the
>email, my money would have disappeared. How much money is going to the
>government because the unclaimed account notices look like Spam?

Although I agree that emails from banks are ignored regularly, and 
should be, I would be pointing out to your advisor a better way to 
communicate with clients and to clean up his grammar.

The story about the unused accounts being handed over to the 
government has been out in the news for at least a month if not 
longer. You don't lose your money, it still belongs to you, and 
unlike in non-interest bearing accounts in a bank where account 
keeping fees often eat up the funds over time, you get interest from 
the government held funds. Just like the abandoned super accounts, I 
believe the policy establishes a 'lost money' register you can query 
if you suspect you may have forgotten an account.

Jan



Melbourne, Victoria, Australia
jwhit at janwhitaker.com
blog: http://janwhitaker.com/jansblog/
business: http://www.janwhitaker.com

Our truest response to the irrationality of the world is to paint or 
sing or write, for only in such response do we find truth.
~Madeline L'Engle, writer

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