Oireachtas Joint and Select Committees

Wednesday, 19 October 2022

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

Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I appreciate that. I just want full clarity on the type of activity that will cause Ulster Bank to freeze the account. If one of those one in five transactions that are taking place within 30 days is my ESB bill, the account will be frozen. Is that correct? If my mortgage direct debit is one of the five transactions that has happened in the account in the past month, will my account be frozen?

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