Written answers
Wednesday, 15 July 2015
Department of Finance
Financial Services Regulation
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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75. To ask the Minister for Finance his views on additional bank charges applied to bill pay zones; and if he will make a statement on the matter. [29326/15]
Michael Noonan (Limerick City, Fine Gael)
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I understand that the Deputy is seeking information on charges applied by Payzone. The Central Bank has confirmed that Payzone is not authorised by it and I understand that the bill pay service provided by Payzone is not a regulated activity under financial services legislation. As such, the matter does not come under my aegis. I understand that Payzone sets its own service administration fees.
I would advise customers who do not wish to pay such charges to shop around for cheaper, or even free, alternatives which may be available to them.
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