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
Bernard Durkan (Kildare North, Fine Gael)
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I know that. To assuage my conscience - I have a conscience sometimes - I would like to be sure, if it is not in my account or in the account of the person to whom I made the payment, whose account it is in. It used to be a clearing house, once upon a time, although I am not sure it was in that account either. Who has the use of that money? It is not accounted for in either place. It has gone from my account. The receiving account does not get it for four days. If there is a bank holiday in the meantime, it would be more in working days.