Dáil Éireann Debate, Tuesday - 25 March 2014
232. Deputy Michael McGrath asked the Minister for Finance the position regarding banks issuing drafts for less than €1,000; if the Central Bank of Ireland has been in contact with banks regarding the issue; and if he will make a statement on the matter. [13450/14]
View answerI have been advised by the Central Bank that the banks in Ireland have varying policies with regard to the issue of bank drafts. These policies are operational matters for the management board of each bank concerned and I do not propose to comment on this matter. However, I would advise a customer to seek information in relation to drafts directly from his or her own bank. I understand that some banks provide drafts for less than €1,000. The Deputy will be aware that there are alternative methods of making payments such as credit transfers to the payee using online banking or payment by visa debit or credit card.
