Results 6,381-6,400 of 35,575 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I have welcomed that step, so let us tease that step out now. Just imagine that I am one of the 5,400 people who have some level of activity on my account. Two weeks from Friday, the deadline will have passed and my account is to be frozen for one month. Ulster Bank will make an assessment now in terms of the activity on my account. If my ESB bill is to come out of my account, what will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: It is frozen again.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I appreciate that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I appreciate that. I just want full clarity on the type of activity that will cause Ulster Bank to freeze the account. If one of those one in five transactions that are taking place within 30 days is my ESB bill, the account will be frozen. Is that correct? If my mortgage direct debit is one of the five transactions that has happened in the account in the past month, will my account be frozen?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: I am trying to find out, with respect, what heavy reliance is. Is it one’s electricity bill, mortgage, mobile phone bill etc.?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Of the 5,400 who have some level of activity on the account, as things stand, if nothing changes between now and two weeks from Friday, how many of those accounts will be closed or suspended?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: We all hope so.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Ms Arnett expects that 1,000 of this type of account will be frozen. Is that correct? Obviously the inactive ones will be frozen.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: There are 5,400 with some level of activity that have not been closed. If Ms Arnett expects that 1,000 will be frozen two weeks from Friday, how many does she expect will close between now and then?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Everyone has got letters at this stage.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Perhaps I will frame the question another way. Of the 5,400 that have some level of activity that have a deadline of two weeks from Friday, how many of them will still be open after the deadline but Ulster Bank will not freeze for the reasons that have been outlined by Ms Arnett?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Does Ms Howard expect this trend to continue throughout the whole process? We are only talking about the April ones. If you were sitting down to do this, you would hope these numbers would be very different. Ms Howard said Ulster Bank will not freeze roughly 4,000 accounts because there is some level of activity and it will probably freeze 1,000 of them. That is one third of all accounts...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: No. Ulster Bank is likely to be freezing 1,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: There are 4,000 that have passed their deadlines that Ulster Bank will not freeze because it needs to engage further.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: What will happen to accounts that have overdrafts that Ulster Bank will freeze?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: How many of the account holders who have a deadline of two weeks from Friday have an overdraft, whether arranged or unarranged?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Yes. How many have-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Ms Howard has said that Ulster Bank has extended the deadline because of social welfare payments. Does Ulster Bank expect to have to extend the deadline for the double payment at Christmas or is this a once-off provision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland (19 Oct 2022)
Pearse Doherty: Okay.