Oireachtas Joint and Select Committees

Wednesday, 17 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bank Charges: Discussion with Central Bank and ISME

2:30 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Most people in this room and most people watching probably have online banking and would, perhaps, engage with their online banking on a week to week basis. Online banking is a website operated by Bank of Ireland, AIB, Permanent TSB and so on. When I log on to my online banking page there is a section on the homepage of my account that tells me that the bank, the AIB in my case, intends to change the following costs in the coming period or that it has changed the costs on a particular date. I am made aware of that as an interfacing customer and not required to read a newspaper or listen to a radio advertisement as it is on my online account. Would that not be a better way of doing it?

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