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 Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

Customers would have no objection to that at all, in order to assist in a speedy and efficient transfer, but again it does not always work that way. New requests for further information have the habit of resurrecting from time to time.

Deputy Doherty raised overdrafts. Some customers have traditionally had overdrafts for years, that they have or have not used as the case may be. As I did not get the answer too clearly, what provision has been made for these customers when they move to a new bank? Do they get the same as they did in the previous institution or is it all up in the air and for the new bank to decide on?

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