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Tuesday, 6 March 2012

£55 million currently left on Oystercards that are no longer being used‏!

There are many people who have a few quid on their oyster cards. Perhaps relatives who visited you and didn't use up all the credit or those who have misplaced their card and bought a second one.

Figures show there are about 17 million (YES million!) cards out there that have not been used for at least 12 months with a combined balance of an eye-watering £55 million.

The London Liberal Democrat team, obtained the figures using a Freedom of Information request, say it is not easy to get the money back from unused cards.

Hard-working Caroline Pidgeon, leader of the Liberal Democrat London Assembly Group said recently that Transport for London is sitting on a cash pile of £55m which should be returned to passengers. Quite right Caroline. Plain common sense.

Transport for London claim people can easily reclaim their money from dormant Oyster cards but the evidence suggests otherwise. If it really was simple for passengers to reclaim their money, why has the amount left on dormant Oyster cards doubled in the last two years?

I have never seen an publicity about how to reclaim money. I am sure my brother and dad have money on their Oyster. Give my dad his money back!!!

Let me know at @CllrGaryMalcolm what your experience is about getting YOUR money back.

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