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TfL’s cash pile from dormant Oyster cards has now reached £168.82 million – Caroline Pidgeon urges TfL to ensure public can claim back money on unused Oyster cards

July 31, 2015 6:13 PM

Transport for London has now accumulated almost £170 million from money left on unused Oyster cards it has been revealed today. The amount is made up from deposits (£83.2 million) and the Pay As You Go balances (£85.6 million) left on Oyster cards which have not been used for over a year.

The cash pile from unused Oyster cards has been steadily growing since the start of Oyster in 2003. A recent written Mayoral question asked by Caroline Pidgeon AM, Leader of the Liberal Democrat London Assembly Group, revealed that when Boris Johnson first became Mayor in May 2008 the amounts left on dormant Oyster cards was just £4.25 million in Pay As You Go balances and £2.81 million in deposits.

Caroline Pidgeon, who has long campaigned for TfL to make it easier for people to claim back money on unused Oyster cards said:

"When TfL's cash pile is growing by more than £2 million a month I simply do not accept that TfL are doing everything they reasonably can to allow the public to claim back their own money.

"Transport for London are never shy in using publicity except it seems when it involves telling the public how they can get back money left on dormant Oyster cards.

"It is time that TfL started to be far more active and gave more people the chance to get hold of their own money sitting on unused Oyster cards."

ENDS

Notes to editors:

1. Details of the amount of money left on Oyster cards can be seen in these tables recently published by TfL.

https://tfl.gov.uk/cdn/static/cms/documents/oyster-card-balances-and-refunds.pdf

2. Mayoral Question about unused Oyster cards:

Unused Oyster cards (2)

Question No: 2015/2034

Caroline Pidgeon

Please state the amount of money left on live Oyster cards which have not been used for more than one year as of May 2008, showing information for (a) the total Pay As You Go balances, and (b) the total amount of deposits held.

Written answer from the Mayor

Please see my response to MQ2015/2033. The information you request (current at December 2014) is in the public domain and can be found at: https://tfl.gov.uk/cdn/static/cms/documents/oyster-card-balances-and-refunds-december-2014.pdf. Updated data to mid-2015 will be published on the TfL website in July.

The amount of money left on live Oyster cards which had not been used for more than one year as of May 2008 was £4.25 million in Pay As You Go balances and £2.81 million in deposits.

http://questions.london.gov.uk/QuestionSearch/searchclient/questions/question_282817