Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
It is a hidden charge. If I go upstairs to the canteen and buy a cup of tea it will cost me 60 cent, but if I use my chip and pin it will cost 70 cent because Bank of Ireland is taking 10 cent every time I carry out such a transaction. If I have €3,000 in my account I will not be charged at all. The people who are being charged these transaction fees are those who are less cash-rich and the more vulnerable members of society. They are being gouged every time they buy a newspaper using their debit card.
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