S.I. No. 345/2019 - Post Office Savings Bank (Limit of Deposits) Order 2019

S.I. No. 345/2019 - Post Office Savings Bank (Limit of Deposits) Order 2019 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2019 S.I. No. 345/2019 - Post Office Savings Bank (Limit of Deposits) Order 2019 S.I. No. 345/2019 - Post Office Savings Bank (Limit of Deposits) Order 2019 AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 16th July, 2019. I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers conferred on me by section 1 of the Savings Banks Act 1920 (10 & 11 Geo. V. c.12), hereby make the following Order with respect to which a draft has been laid before each House of the Oireachtas for a period of not less than twenty-one days and no action against the draft or any part thereof has been taken by either such House before the expiry of that period: 1. This Order may be cited as the Post Office Savings Bank (Limit of Deposits) Order 2019. 2. From the coming into operation of this Order, the aggregate amount which may be credited to the account of a depositor in the Post Office Savings Bank pursuant to the Post Office Savings Bank Acts 1861 to 1958, whether deposited by the depositor or by another person on behalf of that depositor, shall be subject to the following limits: (
4. a)€250,000 in respect of a depositor who is a natural person; (
5. b)€5,000,000 in respect of a depositor other than a natural person referred to in paragraph (a). 3. With respect to each limit specified in Article 2 and subject to Article 4: (
6. a)the limit shall apply to the aggregate amounts deposited in the Post Office Savings Bank and credited to the account of a depositor at any time irrespective of the number of deposits made from time to time, such that, in the aggregate, the amount standing to the credit of that depositor at any one time may not exceed the limit; (
7. b)the limit shall apply to deposits made in joint names by the depositors referred to in Regulation 8 of the Post Office Savings Bank Regulations 1921 (S.R. & O., No. 1532 of 1921) such that the amounts deposited in joint accounts shall be divided equally among the depositors. 4. Nothing in this Order shall require a person who, immediately before the coming into operation of this Order, has deposited amounts in the Post Office Savings Bank which are in excess of the limit specified in Article 2(
8. a)or (b), as appropriate, in respect of the person concerned, to withdraw all or part of such amounts, provided that, for so long as the limit continues to be exceeded, no further amounts may be deposited to the credit of that person in the Post Office Savings Bank. 5. The Post Office Savings Bank (Limit of Deposits) Order 1958 ( S.I. No. 90 of 1958 ) is hereby revoked. GIVEN under my Official Seal, 10 July, 2019. PASCHAL DONOHOE, Minister for Finance. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais