Dáil Éireann - Volume 448 - 26 January, 1995
Written Answers. - Dormant Bank Accounts.
Mr. Hughes Mr. Hughes
45. Mr. Hughes asked the Minister for Finance when he will report on the findings of his Department in relation to their examination of dormant bank accounts; and if he will make a statement on the matter. [1754/95]
Minister for Finance (Mr. Quinn) Ruairí Quinn
Minister for Finance (Mr. Quinn): The Deputy will be aware that following receipt of data from both banks and the building societies on the extent to which these “dormant” accounts exist, and the amount of money involved, my predecessor asked in October last that further research in the matter be undertaken. This is still ongoing, but, as has been previously explained in earlier replies on this topic, the task is not an easy one, having regard to the number of accounts to be examined. In addition, there are serious legal, definitional and constitutional issues involved.
The building societies have recently provided me with their views in the matter, and I expect a response from the banks in the near future. When I have this, I will consider what further action is necessary.
Dáil Éireann 448 Written Answers. Dormant Bank Accounts.