Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Social Protection

Safe Deposit Boxes and Related Deposits Bill 2022: Discussion (Resumed)

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

This is very interesting, and I thank the witnesses for the presentation. The requirement in the proposed Bill is that the banks make their best endeavours, and there are procedures laid down as to how they must do so, which include public advertisement and so on. However, it is not specified what those are any more than it is specified in the dormant accounts legislation.

That leads me onto my first question. Did banks ever approach Finders trying to locate the owners of dormant accounts?

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