Departmental Banking

Dáil Éireann Debate, Tuesday - 16 October 2012

Tuesday, 16 October 2012

Questions (293)

Michael McGrath

Question:

293. Deputy Michael McGrath asked the Minister for Jobs, Enterprise and Innovation if he will provide, in tabular form if possible, a list of the bank accounts used by his Department and separately any agencies within the remit of his Department; the purpose of each bank account and the financial institution the bank account is with; the total amount of any interest charged or bank fees incurred by his Department and separately by each agency in 2011 and anticipated figure for 2012; the percentage of payments issued by his Department and each agency which are issued electronically and if the Department agency has any special arrangement in place on the issue of bank charges and fees; and if he will make a statement on the matter. [44852/12]

Written answers

Minister for Jobs, Enterprise and Innovation

Details in relation to the bank accounts used by my Department are set out below:

Name of Bank	Purpose of Bank Account	Fees and Charges	Interest Charged	Interest Earned
1. Bank of Ireland	Current Account for EFT Payments	2011: €491.27 2012*: €559.51	Nil Nil	€5,154.51 €3,285.42

This is an interest bearing account therefore bank fees and charges are payable on the account.

Name of Bank	Purpose of Bank Account	Fees and Charges	Interest Charged	Interest Earned
2. Bank of Ireland	Current Account for Salary Payments	2011: €38.00 2012*: €38.00	Nil Nil	Nil Nil
3. Ulster Bank (2) **	Companies Registration Office: Receipt of on-line credit transactions. Receipt of fee payments via EFT.	2011: Nil 2012*: €259.41	Nil Nil	Nil Nil
4. Ulster Bank (2)***	Patents Office: Receipt of on-line credit transactions. Receipt of fee payments via EFT.	2011: €12.00 2012*: €98.70	Nil Nil	Nil Nil

* Period: 1 January – 30 September 2012

** Bank accounts in use from 14 Dec 2011.

*** Bank accounts in use from 11 Nov 2011.

Details of electronic payments issued to date in 2012 by my Department are set out below:

Number of Payments	% of Payments	Value of Payments	% Value of Payments
5988	82	€538m	99.7

It should be noted that my Department pays 100% of salary payments by EFT.