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)
Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source
That is interesting because dormant accounts are accounts that have shown no activity for 15 years or more, and it is a lot easier to locate somebody from, say, 15 years back. Money comes in every year, so the 15 years keeps moving forward. I am always amazed there is any money coming in at this stage, but there is. A lot of it then gets reclaimed, but there is a net amount coming in every year. I was wondering had the banks been involved but, obviously, they had not come to Finders.
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