The periodic verification by the Italian Post Office continues on the “dormant” postal savings books, ie those that have not been handled for 10 years and with a balance exceeding 100 euros. The holders of the “dormant” results booklets al November 30, 2021 they have until June 21, 2022 to make provisions and reactivate the title. Once the deadline has passed without any signal, the passbook is extinguished and the sums transferred to the Fund set up by the 2006 Finance Act and managed by Consap, a private law company owned by the Ministry of Economy. Procedure that will be repeated for booklets declared dormant on the date of March 31, 2022: in this case, the deadline for avoiding the extinction and transfer of the sums deposited to the Fund is October 20, 2022.
How to tell if your booklet is “dormant”?
On the Poste website it is possible to consult the list of dormant savings books sorted by the identification number of the post office where they were opened. The lists can also be consulted at all post offices. You can also find out the situation of a booklet by calling the Poste Italiane customer service at the toll-free number 800.00.33.22.
Extinction after 10 years (and 180 days)
The category of “dormant accounts” includes not only savings books (postal and bank) but also money deposits, bank and postal current accounts, shares, bonds, certificates of deposit, investment funds and cashier’s checks for which there are no transactions or movements by the owner of the relationship or by delegated third parties for a period of 10 years starting from the date of free availability of the sums or financial instruments. The “dormant” deposit is extinguished unless, within 180 days from the communication by the intermediary, the holder does not carry out an operation or movement (but the communication of wanting to continue in the relationship is also sufficient).
The transfer to the Fund and the redemption request
In the absence of actions or communications from the owner, the sums are transferred to the relationship fund managed by Consap. But it is still possible to get your money back. For reimbursement, you can apply directly to Consap without having to contact a mediator. On the website of the private law firm wholly owned by the Ministry of Economy you can consult the list of dormant relationships. Time to claim the sums: ten years.