Cormac Devlin
Ceist:71. Deputy Cormac Devlin asked the Minister for Finance his plans to ensure independent ATM operators register with the Central Bank of Ireland; and if he will make a statement on the matter. [22616/24]
Amharc ar fhreagraTuesday, 21 May 2024
Ceisteanna (71)
Freagraí ó Béal (3 píosaí cainte)
The ability to do business with cash is so valuable for so many different people throughout the country and a key part of the ability to do your business in cash is to have access to an ATM network, to be able to get the cash out of the bank. Is the Minister in a position to ensure that all the ATMs would be registered and regulated? Increasingly, ATMs are not associated with the banks but more independent operators are on it. Will the Minister ensure they are registered and regulated?
In short, the answer is "yes, Deputy". The access to cash legislation is at a very advanced stage of preparation. We need to consult the European Central Bank because some of the matters in the Bill are relevant to the functions of the ECB but I expect we will be sending a copy of the Bill to it in the next number of weeks. In essence the Bill will provide for the registration and regulation of ATMs including ATM deployers. This will protect access to cash. It will also protect cash lodgment services for businesses, within branches. It is a very important piece of legislation and it is my intention to ensure it is passed later this year.
That completes questions to the Minister for Finance.
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