Finding Hidden Financial Assets, Finding My Sleeping Money: Things You Must Know
Finding Hidden Financial Assets, Finding My Sleeping Money: Things You Must Know
Blog Article
‘Campaign to find hidden financial assets’ held for financial consumers
According to the Financial Services Commission and the Financial Supervisory Service, the number of ‘hidden financial assets’ that financial consumers have forgotten and do not seek out amounts to 17.9 trillion won. Accordingly, the Financial Services Commission and the Financial Supervisory Service, together with all financial institutions, decided to conduct a ‘Campaign to find hidden financial assets’ for six weeks from November 13, 2023 to December 22, 2023.
Definition and size of hidden financial assets
‘Hidden financial assets’ are financial assets that financial consumers have forgotten for a long time and have not visited, and include ‘dormant financial assets’, ‘long-term untraded financial assets’, and unused ‘card points’. As of the end of June 23, 'hidden financial assets' were confirmed to total 17.9 trillion won, with 'dormant financial assets' at 1.6 trillion won, 'long-term untraded financial assets' at 13.6 trillion won, and unused 'card points' at 2.6 trillion won. .
Expanded participation and targets of the ‘Find Hidden Financial Assets Campaign’
In this campaign, participating companies were expanded to include mutual financial institutions in addition to banks, insurance companies, securities companies, credit card companies, and savings banks. In addition, in addition to deposits/savings, insurance money, and card points, long-term non-traded ‘investor deposits’ remaining in securities accounts were also added as targets of the campaign.
Guidance and promotion during the campaign period
During the campaign period, financial companies plan to provide individual guidance and conduct public relations and events. Related organizations and financial companies plan to post promotional materials through branches, websites, SNS, etc. and send emails or text messages to individual customers to provide information on how to view ‘hidden financial assets’ and receive refunds.
However, related organizations and financial companies do not request financial information such as personal information or account password through email or text message, and do not request money transfer as a fee for refund. Additionally, you should be careful not to access URLs from unknown sources.
How to check ‘hidden financial assets’
Financial consumers can inquire about ‘hidden financial assets’ through the branches or customer centers of individual financial companies. Additionally, you can search for ‘hidden financial assets’ more conveniently by accessing the Internet homepage ‘Fine (fine.fss.or.kr)’ or downloading the ‘Account Info’ application on your mobile phone.
If you use 'Fine' or 'Account Info', you can check 'dormant financial assets' and 'long-term non-traded financial assets' of all financial institutions, including deposits, savings, Investor deposits and trust accounts may be refunded immediately.
Additionally, you can view and cash out unused card points through the ‘My Card at a Glance’ service. In addition, individual and detailed inquiries about specific financial assets are also possible.