|Department||Office of the Chief Executive|
|Type of consultation||Other|
|Deadline for comments||30/09/2015|
About the consultation
A law has been prepared that would allow dormant bank accounts to be used for good causes.
The aim of the law is to transfer balances in dormant bank accounts (accounts where contact has been lost with the customer after 15 years) from banks to a central fund called the Jersey Reclaim Fund.
The Jersey Reclaim Fund will be administrated by government and used to support a number of good and charitable causes in the local community.
The customer can still ask for their money back from the Jersey Reclaim Fund (via their bank) at any time.
The bank will pay the customer their money and ask for the sum back from the Jersey Reclaim Fund.
We want you to comment on the draft law before it is submitted to the States for debate.
Download dormant bank accounts consultation paper (size 508kb)
Download Dormant Bank Accounts (Jersey) Law 201- draft (size 345kb)
How to submit comments to the consultation
Submit your comments online
You can submit your comments using the link below.
Dormant Bank Accounts eConsultation
Email or post your comments
You can also email or post your comments to the Director of Finance Industry Development:
Email James Mews
James MewsDirector, Finance Industry Development, Financial Services Unit
Chief Minister's Department
5th floor, Cyril Le Marquand House
+44 (0) 1534 440413
Responses from the finance industry
Responses sent to Jersey Finance will be shared with the government unless you specify that you want to remain anonymous.
If you're responding from the finance industry, you'll need to email or post your comments to:
William ByrneHead of Technical, Jersey Finance Ltd
4th floor, Sir Walter Raleigh House
48 to 50 Esplanade
+44 (0) 1534 836021
Responses to the consultation
You can find responses to this consultation below
Download Dormant Bank Accounts response to consultation (size 293kb)