Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Yes. You can feel your pocket getting empty, whereas with the card you do not know until you get the red letter in the door, which can be a bit unsettling. From the Department's point of view, there is a move afoot to try to protect that cash society. I see Ms Cunningham nodding in approval.

May I ask about the ATM network? Three quarters of the network within the State will no longer be under the control of the retail banks in 2024. That is my understanding. Those ATMs are being sold to independent ATM companies, which are unregulated. We know that, in other European countries, which have a bit of experience of this, if you withdraw cash at an ATM - there is one particular company whose ATMs are painted a certain colour; you see them in a lot of European countries - the charges are extortionate for just that simple transaction. If you withdraw €400, it can cost you nearly €30 to do it. Are we facing that situation?

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