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RaboDirect Helps New Zealanders Put Lazy Money Back to Work

Press Release

22 November 2012

RaboDirect Helps New Zealanders Put Lazy Money Back to Work

RaboDirect doesn’t like lazy money; so the specialist savings & investment banking service has launched to help make it easier to find the owners of more than $75 million of unclaimed money held by Inland Revenue (IRD). This money can default to IRD for a number of reasons when no one is sure of where it should go, e.g. as a result of long term inactive bank accounts or solicitors trust accounts being wound up. Legislation appears to prevent the department from advising individuals and organisations that their money is being held, so you may be owed money without even knowing.

These are not overpaid taxes so a tax return doesn’t have to be filed to stake a claim. To find out whether you, your family, your community, or anyone you know are amongst the 200,000 potential claimants check out on your PC, mobile or tablet. YourCashStash allows you to search more than 18,500 names and provides all the details you need to make an inquiry with Inland Revenue even if your name is not listed in this most recently published list of monies owed..

Most people assume they’re not owed money which is why only a very small portion of this money is claimed each year. Take a search and you might be surprised at the names you find – alongside thousands of individuals there are members of parliament, businesses, trusts, estates and community groups.

Interest is not paid on unclaimed money and RaboDirect wants to help put this lazy money back to work. Share with friends and family in NZ and overseas, and together you can help put dreams back on track.

At we’ll show you how to find out if you’re owed money, how to make your claim and provide some tips to try and avoid ending up on the list.

RaboDirect - helping put lazy money back to work.


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