Can you get charged for negative balance in group RRSP?

I had a similar issue with Sunlife. They kept charging me $10 per month on I think $200ish of cash which represented my LIRA portion which I mistakenly assumed got transferred over.

I highly doubt they would charge you, but when I called them (keep in mind quite a while back), they refunded some of the fees and I was able to just cash it out since it was a small balance LIRA. You could cash it out or see if they'd waive a transfer out fee?

notenoughsleep wrote: ↑ Left a company almost 10 years ago. At the time I transferred out my group RRSP (Sunlife Financial) to my personal RRSP. Looks like at some point, the company made one more contribution. I've ignored it over the years as it was a miniscule amount, but received a statement today showing that last year's balance was $33.42 and after $23.27 of fees, new balance is $10.74. I'm assuming that next year after fees, it will go to zero or negative balance. At this point, will the account automatically close or will they try to charge me? Wondering if it's even worth my time to call in to Sunlife. I don't even have the account number as my statement has blanked out the account number except for the first 5 digits.

I believe that you can have a negative balance in an RRSP account.

I logged into my TD Direct Investing Waterhouse account and there was a banner on this same issue.

That being stated, even if you don't have your account information, SunLife (or any particular financial institution) should be able to locate you with what information you do have. When I no longer worked at my previous employer due to lay off, I had a pension plan with Manulife and an RRSP with Manulife which I didn't log in for ~8 years and when I contacted them, they were able to give me the login/account information based on my name, birthdate, employer, and I believe some other personal information (like last 3 digits of social insurance number, and address). You should be able to get SunLife to find your account if you have the answer to their identification questions.