Refundworks

Our Mission

"Our mission is to reunite our clients with lost and unclaimed funds that are rightfully theirs."

How Do Australians Misplace Millions of Dollars Every Year?

Every day, people and businesses leave cash in financial institutions, insurance companies, and with government authorities. It’s human nature to forget and even the best kept records can even have gaps. As absurd as it sounds, it happens constantly. It’s estimated that 1 in 3 Australians actually have money owing to them without their knowledge. Sometimes it can be as simple as:

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Moved Overseas

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Moved House

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They Just Forget

Why Have I Been Contacted Regarding Finances That Have Been Lost?

As refund consultants, we take it upon ourselves to reach out, assist and work with people with lost money owing to them. We have reached out to you because we believe you may have lost funds owing to you. In most cases, people are unaware that these funds are laying in wait to be claimed so it’s often a nice surprise for people to find out that money could be owing to them without their knowledge.

So How Is My Money Returned?

Our Refund Consulting Experts specialise in finding unclaimed funds for Australian Businesses and Citizens who have lost track of their accounts relocated, or passed away. We assist in first verifying the identity of the rightful owners) and then assist you with your claim process by helping you with all documentation, preparation and with submitting the claim proposal.

Just like you would hire a solicitor to represent you in court, or a tax professional to assist you with your tax return. We work hard to jump through hoops so that you don’t have to, so that you can sit back, rest assured that the whole process has been taken care of and been dealt with right the first time.as been taken care of and been dealt with right the first time.

Australians, Businesses and Citizens who have lost track of their accounts relocated, or passed away. We assist in first verifying the identity of the rightful owners) and then assist you with your claim process by helping you with all documentation, preparation and with submitting the claim proposal.

Types Of Lost Money Waiting To Be Reunited With It’s Lost Owners

However, some areas we commonly deal with are unpresented cheques, dormant bank accounts, superannuation, company takeovers, rental and local council bonds, the list is endless.

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Bank accounts

$651 million​

payments

Shares

$435 million​

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Life insurance

$84 million​

Read More About Lost Money in the News

This particular article discusses bank accounts alone, you can see you’re probably not alone in having lost funds. A staggering $313,709,229 is currently sitting unclaimed by Australians.​

5 Great Reasons To Get Started

We’ll Find your Lost Funds and our Service is FREE GUARNTEED!

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100% risk free…​

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Work with highly experienced refund agents​

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No upfront costs…​

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Recovery fee only payable upon money refunded

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Recieve updates by phone and email

If I Don’t Choose To Claim These Lost Monies What Happens Then?

That’s a simple answer ( Refund Consultants )the funds will stay (in many cases) in a non – interest bearing account and in essence will remain unclaimed. Worst of all though, depending on what authority holds the funds, each is different, after a certain period the unclaimed fund will be absorbed into the endless pit of ‘consolidated Government Revenue’. In other words … the Government gets it, and it’s GONE!!!!.

What Is Unclaimed Money?

Billions of dollars are currently sitting in Government Trust accounts awaiting the return to its rightful owners. Virtually all owners of this money are unaware that their money is even sitting there; consequently, it’s not missed with only 2% of people actually reclaiming their lost money.

How did it end up there? 

Funds that lay dormant for 7 years are required by law to be transferred into Government Trust accounts if the owners cannot be contacted.

Cheques remain unrepresented if they cannot reach the person they are made out to. People move around a lot these days, changing providers, selling property, moving interstate and overseas for work and lifestyle changes and may not remember to update changes to addresses in a timely manner or at all.

Mail can be lost through oversight, theft, typographical input of addresses, name changes, illness and death.

Other lost money may include bequeaths, share dividends, bonds, matured insurance policies, unpaid wages and entitlements, council bonds, superannuation, refunds, and over-payments.

What happens to this money if it is not claimed?

Well, eventually if enough time passes without it being claimed, it will be taken up as Government consolidated revenue.

Now that the Government is in significant debt, will they be looking at this unclaimed money in a different light?  

Time is of the essence. If you have unclaimed money, reach out and allow us to facilitate the return of your hard-earned dollars in a timely manner. After all, it’s rightfully yours!

What Is Unclaimed Money?

Billions of dollars are currently sitting in Government Trust accounts awaiting the return to its rightful owners. Virtually all owners of this money are unaware that their money is even sitting there; consequently, it’s not missed with only 2% of people actually reclaiming their lost money.

How did it end up there? 

Funds that lay dormant for 7 years are required by law to be transferred into Government Trust accounts if the owners cannot be contacted.

Cheques remain unrepresented if they cannot reach the person they are made out to. People move around a lot these days, changing providers, selling property, moving interstate and overseas for work and lifestyle changes and may not remember to update changes to addresses in a timely manner or at all....

Mail can be lost through oversight, theft, typographical input of addresses, name changes, illness and death.

Other lost money may include bequeaths, share dividends, bonds, matured insurance policies, unpaid wages and entitlements, council bonds, superannuation, refunds, and over-payments.

What happens to this money if it is not claimed?

Well, eventually if enough time passes without it being claimed, it will be taken up as Government consolidated revenue.

Now that the Government is in significant debt, will they be looking at this unclaimed money in a different light?  

Time is of the essence. If you have unclaimed money, reach out and allow us to facilitate the return of your hard-earned dollars in a timely manner. After all, it’s rightfully yours!

So How Is My Money Returned?

Our team specialise in finding unclaimed funds for Australian Businesses and Citizens who have lost track of their accounts relocated, or passed away In the first instance we verify the identity of the rightful owners) and then assist you with your claim process by helping you with all documentation, preparation and with submitting the claim proposal.

We work hard to jump through hoops so that you don’t have to, so that you can sit back, rest assured that the whole process has been taken care of and been dealt with right the first time.

What Keeps Us In Check?

What Laws Do You Have To Abide By?

There are many laws in place that protect you as a consumer and your lost money. It is an offence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to give false or misleading information or documentation. This means that we are bound by law to ensure that we reunite the correct funds with the correct people. We may ask you for extra identification to satisfy this obligation. It also means that we MUST ensure that once refunded, your funds are relocated safely into your preferred bank account.

What Laws Do You Have To Abide By?

There are many laws in place that protect you as a consumer and your lost money. It is an offence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to give false or misleading information or documentation. This means that we are bound by law to ensure that we reunite the correct funds with the correct people. We may ask you for extra identification to satisfy this obligation. It also means that we MUST ensure that once refunded, your funds are relocated safely into your preferred bank account.

Frequently Asked Questions

A: Unclaimed money is money that has been forgotten or left behind by an individual, a group of individuals, a family or a Company or other organisation. Unclaimed money is usually held up in unclaimed pay cheques, superannuation funds, insurance claims government Departments and other places where the money has been ‘abandoned‘ , mostly without knowing that it exists.

A: RefundWorks is a public data aggregator. We gather data from a number of sources specifically in the area of unclaimed money. RefundWorks searches millions of records from both Australia and internationally. RefundWorks finds lost and unclaimed money and then works to prove ownership and ultimately retuning the funds to its rightful owner.

A: In most states, when the money has been unclaimed for a certain amount of time, the State Government then absorbs those funds into consolidated revenue. This means that this money is then no longer yours, and cannot be claimed back.

A: We receive calls from individuals, companies and organisations who believe they have unclaimed funds somewhere and just do not know where they can find them. We have access to over thirty databases both from Australia and internationally. We manually search these databases to locate the outstanding money. In the process we find many other amounts belonging to people and/or organisations. We then take the time to locate the current contact details of these individuals or companies. Then we simply call or email these people and advise them of what we have found?

A: Search Fees:

This includes initial searches, searching for correct details, confirming current details, contacting rightful owner, sending Authorities, complete instructions and identification required by the organisation that is holding the funds (this varies from organisation to organisation and state to state). Following up Client, receiving signed documents.

Once we have all ID (possibly certified) and signed Authority to Release and in the case of companies and organisations a letter on the company letterhead we can go about the process of retrieval.

This process can take some weeks and in some cases a lot longer.

For this service we have a fee of 20% (plus GST) of the amount recovered depending on amount being refunded. Nothing is charged upfront. Our fees are only paid at the end after successfully returning your money.

A: RefundWorks can conduct an indepth search for funds and estates they or someone related to them have left behind. Unclaimed money can be searched in all the states a person has lived in, and the website also offers the necessary paperwork needed to file the claim to get back the unclaimed money.

A: RefundWorks can be used to help you locate and claim back your funds from superannuation; bank accounts; deceased estates; Government Departments store accounts; insurance companies and more. The process of finding unclaimed funds is a lengthy one as there are more than twenty data bases internationally. The second part of the process is proving to the current money holder your identity given that your personal details were either recorded incorrectly originally or they have simply changed over time. Either way the process of proving your identity is one of RefundWorks specialties.

A: All the searches on RefundWorks are 100% private and secured, so you can be sure that no one besides you will know about the searches we conduct for your privacy is paramount to RefundWorks.

How To Claim

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Step 1: Submit your enquiry

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Step 2: RefundWorks will analyse these details and call you to finalise your claim

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Step 3: We will submit the claim on your behalf

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Step 4: You will recieve your lost funds

Let’s Get Started On Your Refund!

Simply fill out the form below and RefundWorks will do the rest.

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