Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
To stay with that example, if a customer had a balance of €50,000 overdrawn which was at their limit on the transfer date and Everyday Finance DAC is not in the business of providing overdrafts, it will not recognise that as an overdraft any longer. It becomes a loan.
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