Glossary : Letter D

Deposit account

See "current account".

Dormant account

Bank account or savings product in the meaning of the Monetary and Financial Code for which no transaction initiated by the customer, his/her legal representative or duly authorised person to act on his/her behalf has occurred, and the customer has not made any contact, over a 12-month period. This 12-month period is extended to five years for fixed-term accounts. An account is only dormant if all of the other accounts held in the same institution are also dormant.

Dormant asset

Authority responsible for supervising the banking and insurance sectors in France.

Sums from dormant bank accounts and unclaimes life insurance poilicies, endowment policies or capitalisation bonds, within the meaning of the "Eckert" Act of 13 June 2014, in addition to Ordre n°.2018-95 of 14 February 2018 wich extends the "Eckert" Act to overseas collectivities (New Caledonia, French Polynesia, Wallis and Futuna).