Results 11,741-11,760 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Some 40% of companies have yet to start and some 15% of SMEs are fully prepared for the system. Is Mr. Fielding saying there will be promotion over the coming months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: To assist the promotion that ISME is carrying out, along with agencies such as Retail Excellence Ireland, IBEC and other companies, does the State need to do something at official level to facilitate knowledge about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I will return to two separate issues before inviting Deputy Donnelly to speak. I refer to charging and the general operation of banks. In France, if one offers a €50 note at the local cafe or grocery shop, people look at you as if you have two heads. ATMs, or drink links as they are called, issue denominations of €5 or €10 whereas the standard procedure here seems to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: There is an argument that one should take out the greatest sum of money possible because there is a cost every time one uses the ATM. We do not want a situation where €20 gets gobbled up on transactions involving €5 or €10. Surely there must be a system of adaptation with regard to the existing system.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Deputy Donnelly has two minutes left and then I shall call Deputy Creed. I shall allow Deputy Donnelly back in later but I want to ensure that everyone gets their allocated time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I will allow the Deputy in again later and I call Deputy Creed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Deputy Mathews has ten minutes and has used up seven of them. I am giving him notification of that in case he wishes to allow the witnesses to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: What is the difference in cost between withdrawing cash from an ATM and obtaining it over the counter? There are withdrawal limits in some banks. They may amount to €600 or €800 per day, for example. How much does walking the extra 20 metres to the counter cost?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: That is the difference between putting a plastic card-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: What if one uses the ATM in the same bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Is there a measurable difference between using an ATM and going to the counter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Bearing in mind Deputy Spring's question, if I walk up to AIB on Douglas Road in Cork, or Rock Street in Tralee, will I be told it will cost more to carry out an over-the-counter transaction? That is what Deputy Spring was asking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: We will hear the answer to Deputy Spring's final question and then move on to Deputy Stephen Donnelly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I remind members that an ISME representative is before the committee also. Mr. Fielding may be feeling a little lonely at present.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: The Deputy is over time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: It was 12 minutes. Is the Deputy questioning that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: The Deputy is out of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: No. The Deputy had 14 minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: Can Mr. Sheridan clarify whether that is the case? Deputy Spring raises an important issue in that people are being double-charged for missing one payment.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Ciarán Lynch: I will give the Deputy a few seconds.