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Departmental Banking

Dáil Éireann Debate, Tuesday - 16 October 2012

Tuesday, 16 October 2012

Questions (443)

Michael McGrath

Question:

443. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government 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. [44848/12]

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Written answers

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.

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