Written answers

Wednesday, 15 January 2014

Department of Finance

Basic Payments Account

Photo of Dominic HanniganDominic Hannigan (Meath East, Labour)
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167. To ask the Minister for Finance if the report on the Standard Bank Account pilot scheme 2012-2013 has been published; and if he will make a statement on the matter. [1813/14]

Photo of Dominic HanniganDominic Hannigan (Meath East, Labour)
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168. To ask the Minister for Finance the actions his Department will take to progress the standard bank account following the completion of the pilot scheme; and if he will make a statement on the matter. [1814/14]

Photo of Dominic HanniganDominic Hannigan (Meath East, Labour)
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169. To ask the Minister for Finance the membership of the financial inclusion working group chaired by his Department; and if he will make a statement on the matter. [1815/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 167 to 169, inclusive, together.

The Report on the Standard Bank Account pilot project was published on my Department’s website on 10 January 2014. The Financial Inclusion Working Group (FIWG), chaired by my Department, and including stakeholders from other Government Departments, the Central Bank of Ireland, retail banks, An Post, the National Consumer Agency and voluntary sector organisations will work closely together on the finalisation and roll out of the Standard Bank Account. It is expected that the rollout of the Standard Bank Account will be achieved during 2014. The membership of the FIWG includes the following:

The Department of Finance

The Department of Social Protection

The Central Bank of Ireland

Social Finance Foundation

An Post

Irish Bankers Federation

Permanent TSB

Bank of Ireland

Allied Irish Bank

Irish League of Credit Unions

Credit Union Development Association

National Consumer Agency

St Vincent de Paul

Money Advice and Budgeting Service

One Family

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