The information requested in relation to bank accounts used by my Department is set out in the following tables:
Vote accounts
Financial institution
|
Account
|
Purpose
|
Interest Charged/Fees
|
Interest Charged/Fees
|
-
|
-
|
-
|
2011
|
2012
(est)
|
AIB*
|
EFT account
|
To facilitate the processing of electronic payments for the Department’s Vote
|
€3,239
|
€2,300
|
Ulster Bank
|
Number 1 account
|
To facilitate the transmission of income to the Central Bank
|
Nil
|
Nil
|
Ulster Bank
|
Number 2 account
|
To maintain an interest free deposit in lieu of bank fees and also to handle any Departmental credit card debits
|
Nil
|
Nil
|
Bank of Ireland
|
Met Éireann
|
To facilitate the direct payment for weather reports, services, etc. by Met Éireann customers
|
€4,250
|
€3,500
|
* Interest earned by Department on cleared overnight balances.
Environment Fund accounts
-
|
-
|
-
|
|
Interest Charged /Fees
|
Financial institution
|
Account
|
Purpose
|
2011
|
2012
|
Bank of Ireland
|
Number 1 account
|
To facilitate the lodgement of income to the Fund and also to maintain an interest free balance in lieu of bank fees
|
Nil
|
Nil
|
Bank of Ireland
|
Number 2 account
|
To facilitate the processing of payments from the Fund
|
Nil
|
Nil
|
Housing Finance Agency
|
Environment Fund
|
Fund balances are retained in this interest bearing investment account
|
Nil
|
Nil
|
Local Government Fund accounts
-
|
-
|
-
|
|
Interest Charged /Fees
|
Financial institution
|
Account
|
Purpose
|
2011
|
2012
|
Permanent TSB
|
Number 1 account
|
To facilitate the lodgement of income to the Fund and also to maintain an interest free balance in lieu of bank fees
|
Nil
|
Nil
|
Permanent TSB
|
Number 2 account
|
To facilitate the processing of payments from the Fund
|
Nil
|
Nil
|
National Treasury Management Agency
|
Local Government Fund
|
Fund balances are retained in this interest bearing investment account
|
Nil
|
Nil
|
99% of all payments made by my Department are issued electronically.
Information in this regard in respect of agencies is a matter for the bodies concerned.