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Financial Services Regulation

Dáil Éireann Debate, Wednesday - 15 July 2015

Wednesday, 15 July 2015

Questions (75)

Richard Boyd Barrett

Question:

75. Deputy Richard Boyd Barrett asked the Minister for Finance his views on additional bank charges applied to bills by Payzone; and if he will make a statement on the matter. [29326/15]

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Written answers

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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