Dáil Éireann Debate, Wednesday - 13 October 2004
102 Mr. Timmins asked the Minister for Finance if his officials have had recent discussions with the banks with respect to the issue of uncashed bank drafts or plans to amend the procedures involved in the bank draft process; and if he will make a statement on the matter. [24702/04]
Amharc ar fhreagraMy officials have not recently discussed the issue of uncashed bank drafts with the banks. However, this issue was discussed in the context of dormant accounts legislation. The overall regulation of the banking system is a matter for the Irish Financial Services Regulatory Authority. I have not been made aware by that body or any other organisation that there is any dissatisfaction with the way banks issue drafts to their customers. Nonetheless, I intend to explore further the issues connected with uncashed bank drafts.
