Dáil Éireann Debate, Tuesday - 25 July 2023
308. Deputy Michael McNamara asked the Minister for Finance if the NTMA attempts to contact the owners of prize bond accounts whom the NTMA may have reason to believe are deceased; and if he will make a statement on the matter. [36132/23]
View answerI am advised by the National Treasury Management Agency who manage State Savings that as mentioned in reply to question 36127/23, Prize Bond winners are notified of their winnings.
Unfortunately, if the winner has changed their address or contact details and has not told State Savings then they may not receive the notification and State Savings has no way to contact them until such information is received. The NTMA has no way of assuming the death of a holder until notified by those managing their estate.
There is a process then undertaken to search for any Prize Bonds held in the person’s name and any prizes under the details provided by the person in charge of their Estate.
