Oireachtas Joint and Select Committees

Wednesday, 12 July 2023

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

Authorised Push Payment Fraud: Central Bank of Ireland

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

It is not much use talking about it now but in the old system, if you walked into a bank with €10,000 or €20,000, or cheques or assorted moneys and so on, lodged it and looked at the account afterwards, it was three or four days before it was credited to your account. Mr. Kincaid has answered my question. In the meantime, the bank had use of it.

Comments

No comments

Log in or join to post a public comment.