Oireachtas Joint and Select Committees

Thursday, 11 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Allied Irish Banks

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

What it has said to us is that these customers are impacted and they are now within the framework, and they can take their cases through the system, the internal appeals committee, the ombudsman and potentially to court, if required. I am sure my colleagues will pick up on this issue.

I would like to deal with one other issue and I can come back in later. Many of the bank's small and medium sized enterprise customers have received correspondence in recent days regarding the sale of their accounts to Everyday Finance DAC and the withdrawal of overdraft facilities because Everyday will not be offering overdraft facilities. Can Mr. Hunt put that in context? To what portfolio sale does that relate? How many such customers are there who have overdrafts that need essentially to be ended by 7 June?

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