Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Joint Oireachtas Committee on Social Protection

Safe Deposit Boxes and Related Deposits Bill 2022: Discussion

Mr. Kenneth Jordan:

Yes, it is 15 years. It is amazing how much money comes in to the Dormant Accounts Fund but it is also amazing how much money goes back out again to people who discover they have a dormant account that is 20 or 30 years old and the money has already gone. Some €25 million a year can be recouped from the fund so people, or their descendants, appear and find that money.

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