Savings Banks Act, 1958

• Jurisdiction: Ireland
• Citation: IR No. 23/1958
• Year: 1958

Number 23 of 1958.
SAVINGS BANKS ACT, 1958.
ARRANGEMENT OF SECTIONS
Section 1. Interpretation. 2. Receipt and repayment of deposits. 3. Superannuation of staff of trustee savings banks. 4. Issue of deposit books not containing rules. 5. Removal of restrictions on number of accounts in savings banks. 6. Short title and collective citation.
Number 23 of 1958.
SAVINGS BANKS ACT, 1958.
AN ACT TO AMEND AND EXTEND THE TRUSTEE SAVINGS BANKS ACTS, 1863 TO 1920, TO PROVIDE FOR THE CESSER OF CERTAIN PROVISIONS IN THOSE ACTS AND IN THE POST OFFICE SAVINGS BANK ACTS, 1861 TO 1920, AND TO EXTEND SECTION 11 OF THE POST OFFICE SAVINGS BANK ACT, 1861 . [23rd July, 1958.]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—
	Interpretation.	1.—(1) In this Act—
	“the Acts” means the Trustee Savings Banks Acts, 1863 to 1920;
	“the Minister” means the Minister for Posts and Telegraphs.
	(2) This Act, so far as it relates to the Post Office Savings Bank, shall be construed as one with the Post Office Savings Bank Acts, 1861 to 1920, and, so far as it relates to trustee savings banks, shall be construed as one with the Acts.
	Receipt and repayment of deposits.	2.—In the case of any trustee savings bank, notwithstanding anything contained in the Acts or the rules and regulations for the management of the bank—
	(a) deposits may be received and repaid by cheque or other negotiable instrument or by postal or money order,
	(b) the receipt and repayment of deposits may be carried out either during or outside the usual hours of the bank for public business,
	(c) delivery of the amount of a deposit, either for receipt or repayment, may be made by post, and
	(d) for the purposes of a group savings scheme operated by the bank in any place, deposits may be received on behalf of the bank at that place by a trustee, manager or paid officer of the bank, either during or outside the usual hours of the bank for public business.
	Superannuation of staff of trustee savings banks.	3.—(1) The trustees of a trustee savings bank may, with the consent of the Minister, prepare and carry out in accordance with its terms a scheme for the granting, subject to such conditions and limitations as may be prescribed in the scheme, of superannuation benefits by way of pension or gratuity or both to or in respect of persons to whom this section applies.
	(2) The trustees may at any time, with the consent of the Minister, amend a scheme under this section.
	(3) The amount of and conditions in relation to the grant, termination or suspension of superannuation benefits under a scheme under this section shall, as nearly as may be, be...