Company Data

Dáil Éireann Debate, Wednesday - 3 February 2021

Wednesday, 3 February 2021

Questions (167, 168)

Neale Richmond

Question:

167. Deputy Neale Richmond asked the Minister for Finance the number of ATMs operated by a company (details supplied) here; and if he will make a statement on the matter. [5032/21]

Neale Richmond

Question:

168. Deputy Neale Richmond asked the Minister for Finance if he has considered banning ATMs (details supplied) here as has been done in Amsterdam due to large hidden fees and misleading information; and if he will make a statement on the matter. [5033/21]

Written answers

Minister for Finance

I propose to take Questions Nos. 167 and 168 together.

As an independent ATM deployer the company in question is not required to report the number of ATMs they operate to the Central Bank of Ireland.

Independent ATM deployers are regarded as Professional Cash Handlers and are monitored by the Central Bank of Ireland for compliance with the Decision of the European Central Bank (ECB/2010/14) on the authenticity and fitness checking and recirculation of euro banknotes.

The revised Payment Services Directive (PSD2) regulates payment service providers across Europe. PSD2 does not regulate independent ATM operators, which were excluded in order to ensure ATM provision particularly in less populated areas. However, PSD2 does require independent ATM operators to disclose any charges payable to consumers before any ATM withdrawal can take place.

Some independent ATM operators do not impose any additional charges. Where additional charges are imposed, consumers can avoid them by making cash withdrawals from an ATM operated by one of the retail banks where possible.