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Government ATM Charge Plans Co...

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Government ATM Charge Plans Could Be Illegal

98FM
98FM

04:35 11 Dec 2015


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The government has been told its plan to charge you 12c every time you use an ATM could be illegal.

The European Central Bank is concered it's effectively putting a tax on cash withdrawals.

It's also worried that the move could pave the way for other taxes on accessing cash - and also make cash transactions more expensive than electronic ones.

However the move is still being progressed - and was included in the Finance Bill as it passed the Seanad just this morning.


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