Unexpected €53m boost for Dormant Accounts Fund this year

Financial institutions have transferred just over €53 million in forgotten cash to the state's Dormant Accounts Fund so far this year.

20th July, 2014

Financial institutions have transferred just over €53 million in forgotten cash to the state’s Dormant Accounts Fund so far this year.

This is the highest amount to flow into the unclaimed monies’ fund since 2007.

The Dormant Accounts Act 2001 was designed to reunite account-holders or their next of kin with their dormant funds. The scope of the legislation was broadened in 2003, when a commitment was also made to reunite people with...

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