Oireachtas Joint and Select Committees

Wednesday, 5 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bi-annual Review 2013: Financial Services Ombudsman

3:40 pm

Mr. William Prasifka:

Complaints regarding unauthorised withdrawals from ATMs are governed by the Payment Services Directive which, if it is shown that the withdrawal was unauthorised, requires that the money be repaid by the financial institution unless that institution can demonstrate that the customer or the complainant is guilty of gross negligence and the burden is on the financial institution to demonstrate that.