“I recently received an email from my bank about an employee’s savings plan implemented at a previous company. It’s about a dumb but bright-eyed 40-year-old Tatiana. My previous employment. It turns out that about 10 years ago, the Lord offered me to collect money immediately from a profit sharing bonus or allocate it to a savings plan business to avoid income tax. I chose this option. And for years, my statement and application didn’t show this amount, so I completely forgot to have this money. »»
Forgotten total that can make up a small treasure
Like Tatiana, many have received similar suggestions, sometimes proposing to sign documents without a complete understanding of ins and outs, to put a certain amount of money in a particular place, and gradually they I have forgotten the existence of. What if this money disappears from the radar?
Banks, insurance companies, and employee savings organizations that manage your money will remain inactive for extended periods of time or close unclaimed accounts. The money in these accounts will then be transferred to the Caisse des Dépôts. Without complaints for a total of 30 years, this money will definitely be sent to the state or overseas groups in New Caledonia, French Polynesia and Wallis and Futuna.
The next problem is clearly: What if the long-forgotten money was waiting for you at the Caisse des Dépôts (CDC)? You don’t have to embark on an exhausting and time-consuming bureaucratic quest to find out.
All investments are involved
A service of general interest was created at the request of the state to allow beneficiaries to receive due dates: Cyclade. To find out if you have money to charge, log on to the CDC website and find your old bank account, old employee savings plan, or forgotten money with insurance. Designated beneficiary.
All investments are involved: passbooks, home savings, life insurance, stock market investments (PEA, securities accounts, etc.), company savings plans (PEE, Perco).
Average refund: 2876 euros
Once connected to the site, you will need to enter your personal data (name, first name, date of birth, and / or the date of death of the account holder or the desired life insurance policyholder). If a match is found: You will be asked to create a personal space and upload a support document to complete your return request. The Caisse des Dépôts will then process your request. Once confirmed, you can deposit by bank transfer within 3 months.
Thanks to this site, since 2017, € 500 million has been returned to the claimant, with an average refund of € 2876. Of these totals, 66.3% came from bank accounts, 25.5% from life insurance policies, and 8.2% from the company’s savings plans.
Enough to motivate even the best executive haters to try a search, just in case …
Is it too late? What is a holdup?
Remember, the checking account does not record any transactions other than those initiated by the bank (fee and fee collection, interest payments), the owner has not contacted the bank, and another of the same facility. You are not performing an operation on your account.
The financial institution then declares the account inactive and makes it available to the owner for 10 years. If the latter does not respond to the bank’s report, the funds will be transferred to the Caisse des Dépôts (CDC) for 20 years.
For savings accounts or employee savings accounts, they must be inactive for 5 years before they can be considered dormant.
The insurance company itself needs to make sure that the life insurance holder has not died and find an heir if necessary. However, if the contract is not billed after 10 years, it will also be transferred to the Caisse des Dépôts.