The Dormant Bank and Building Society Accounts Act 2008 legislated for up to £400m of unclaimed assets to be spent on charitable causes such as youth projects.
The money is due to be made available via a reclaim fund as part of the Dormant Bank Accounts Scheme.
But in response to a Freedom of Information request made by CYP Now, a Treasury spokeswoman revealed it was still unable to give a date when the funds will be released.
"There are a number of factors which influence the timing of the establishment of the reclaim fund, many of which are outside the government's control," she said. "It is not possible to put a specific date on the expected establishment of the fund."
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