Dáil Éireann Debate, Tuesday - 20 March 2018
679. Deputy Pearse Doherty asked the Minister for Agriculture, Food and the Marine the cost to his Department of negative interest rates on deposits held; the details of same for agencies under his aegis; and if he will make a statement on the matter. [11729/18]
View answerA commercial bank commenced charging negative interest on the bank accounts of the Department of Agriculture, Food and the Marine with effect from 1st August 2017.
From that date until the end of February 2018 a total cost of €979.07 has been incurred.
Banking costs incurred by agencies under the control of my Department are an operational matter for the agencies themselves.
