Heather Humphreys (Cavan-Monaghan, Fine Gael)
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No, it is not a credit card. There would be cash in the account. The Minister might look at amending SI 223 of 2004 which already allows the use of ATMs and electronic funds transfer. A simple solution would be to allow credit unions to provide debit cards by amending that statutory instrument. Section 2 of the Schedule to SI 223 of 2004 allows third party payments, "that is to say any service whereby a credit union member may arrange to have transferred to his or her account third party payments by way of electronic funds transfer or otherwise". A small enhancement to this was made in 2007 to allow members to transfer funds both to and from their accounts. We could look at this on Report Stage.