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
Mr. Tom Kinsella:
The EBS account is what is known as a basic account. It is there to satisfy a Central Bank mandate obliging us to make a basic account available. AIB makes a basic account available as well. It is effectively a free bank account. It has limited facilities, but it is available to anybody who is resident in the EU and does not already have a personal account.
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