Mr. John Palmer:

It does for the number or percentage of current accounts but, as the Deputy is aware, the vast majority of people who use Revolut use it as a secondary account. Therefore, the actual level of deposits is extremely low. Part of the raison d'etre of this Bill is to ensure that people can access their own cash, savings, money and bank accounts, if they so choose. When we look at the figure for household deposits, the banks account for some 88% of that, according to the Central Bank of Ireland. The credit unions account for just under 12% of that. Of the 88%, I understand that the three banks account for the vast majority.