Brian Stanley (Laois-Offaly, Sinn Fein)
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It has become a serious issue in some other European countries in that the rates being charged for withdrawals at ATM machines are extortionate. The fear here is that three quarters of the companies are not regulated, as far as we could find out before today. Obviously, there is an issue in this regard. The companies need to be regulated because they can charge. People who have been abroad will tell you there are serious problems with the rates at machines operated by companies that are independent of the banks. There are charges running into double figures for simple withdrawals at ATM machines. Mr. Hogan from the Department of Finance might want to state whether his Department has looked into putting measures in place or proposing legislation to the Oireachtas to nail this down.