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 Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am trying to get to the bottom of whether the issue is with the legislation or with what the Central Bank is approving. For example, business online same day international payments without foreign exchange is going up 40%, business online same day international payments, again with Bank of Ireland, with foreign exchange is going up 74%, charges on inward international transactions are going up 67%. Do most of these increases relate back to 1996?

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