Dáil Éireann Debate, Monday - 11 September 2017
330. Deputy Pearse Doherty asked the Minister for Education and Skills the cost his Department incurred in each of the past five years due to debit and credit card payment services and banking fees; the financial institutions to which the payments were made; and if he will make a statement on the matter. [37223/17]
View answerThe information sought by the Deputy is set out in the attached table. This table lists the total amount paid in fees and negative interest in respect of all accounts for each of the past five years and to the end of June 2017.
My Department operates a number of commercial bank accounts all of which are held in the Bank of Ireland and one investment account which is held in the Central Bank in respect of the National Training Fund. Bank of Ireland introduced transactional fee charges effective from January 2017 and negative interest charges effective from March 2017 on all bank accounts. Prior to this date, fees were applied only to the commercial bank account of the National Training Fund and negative interest applied to the investment account in the Central Bank.
My Department operates three credit card and has a very strict policy in relation to their use. Their use is restricted to the Ministerial Offices and to the Department’s IT Division. Fees include Government Stamp Duty, Interest and the Bank’s own Annual Fee.
There are no debit cards in operation in my Department.
|
Year |
Transaction Fees Paid on Department Accounts |
Negative Interest Paid on Department Accounts |
Fees Paid on Department Credit Cards |
|
2012 |
6,232.78 |
- |
123.18 |
|
2013 |
7,667.64 |
- |
235.29 |
|
2014 |
6,833.88 |
- |
220.82 |
|
2015 |
6,000.00 |
223,000.00 |
183.00 |
|
2016 |
12,753.85 |
232,531.28 |
183.00 |
|
YTD June 2017 |
77,061.18 |
7,670.96 |
180.16 |
|
Total Paid |
116,549.33 |
463,202.24 |
1,125.45 |
