What is a Dormant Account?

The Dormant Act was signed into law in 2001 and sets out a requirement for all financial institutions where the customer has not carried out a transaction in over 15 years on an account or investment.

In the case of Savings Bonds, Savings Certificates, National Solidarity Bonds and Instalment Savings the 15 year period commences when the product first matures, that is at the end of the initial investment period.

Please see the State Savings Dormant Account Customer Notice for dates of dormant State Savings products and further details on Dormant Accounts.