Michael McGrath (Cork South Central, Fianna Fail)
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231. To ask the Minister for Finance the reason different charges can apply to ATM transactions depending on where the ATM is located including, for example, in a shop; and if he will make a statement on the matter. [13449/14]

Michael Noonan (Limerick City, Fine Gael)
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I have no role with regard to the regulation of ATM charges. The Central Bank has informed me that, under section 149 of the Consumer Credit Act 1995 (as amended), regulated financial institutions must seek, and be granted, approval from the Central Bank to impose charges relating to certain products and services, including cash withdrawals at ATMs. Each institution has a maximum approved level, up to which it can charge. An institution may choose not to impose the charge immediately on receipt of the Central Bank approval and instead may impose it at a later date. An institution may not charge in excess of its maximum permitted level. Charges imposed will differ from institution to institution depending on its pricing strategy.