Seanad debates

Wednesday, 2 October 2019

An tOrd Gnó - Order of Business

 

10:30 am

Photo of Terry LeydenTerry Leyden (Fianna Fail) | Oireachtas source

I want to raise an issue the Leader may not be able to do much about but I want him to be aware of it. I am more anxious that "Liveline" would note it because it communicates with more people than any other radio programme. This is the issue of the notice on dormant accounts by Banking and Payments Federation Ireland. The advertisement, which mentioned the Dormant Accounts Act 2001, appeared in yesterday's edition of the Daily Starand advised people who have may have a dormant account to contact the bank or An Post. If there is no activity on an account for a period of time, the funds are taken by the State and dealt with by the National Treasury Management Agency.

My wife and I have a small rainy day fund of less than €1,000 in An Post. I came across the book recently and went about reactivating it. I went to the GPO, where I was told the money had gone to the Government

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