Oireachtas Joint and Select Committees

Wednesday, 1 February 2023

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

Engagement with Ulster Bank and KBC Bank Ireland

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

There are a number of accounts into which social welfare payments are paid. The witnesses have said 5,500 accounts are open into which the Department of Social Protection is making payments currently. They are not being closed and they have not been frozen, which I welcome, but the bank has stated that it cannot continue with this position. Can Ms Howard outline the bank's position? Where is this going? These are active accounts. Is the bank identifying accounts into which social welfare payments are made but there are no transactions on the account? There are two different questions.

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