Seán Kenny (Dublin North East, Labour)
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70. To ask the Minister for Finance the cost to the Exchequer if the €2.50 levy on debit cards was abolished; and if he will make a statement on the matter. [51565/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that Stamp Duty is charged at €2.50 per year per debit only card, €2.50 per year per ATM only card and €5 per combined (ATM and debit) card. In 2012, the yield from Stamp Duty on debit only cards was c. €30,000, the duty on ATM only cards yielded €1m, while the duty on combined ATM and debit cards yielded €15.51m. These amounts would be the approximate costs of abolishing the duty on such cards. The Deputy may be aware that no Stamp Duty is charged on ATM, debit or combined cards associated with “basic payment accounts”, which are available to individuals who were “financially excluded” for three years prior to opening such accounts.