debit card tax replaced by 12 cents per transaction

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Personally I'd prefer to pay a one off € 5 annually, I don't like when they add in extra charges to every transactions, these things have a habit of increasing and spreading to other transactions.

How prey tell does this encourage greater card use, it's nearly impossible to live now without a card for all purchasing transactions.
 
Zurich life in blackrock only accept bank cheque or draft, some incredibly backward places out there.

I literally use 1 cheque a year most years.

Cynical me thinks they are making it awkward so I will stop.

The National Payments plan was written by the former Chief Economist of National Irish Bank who now works for the Central Bank. NIB were obviously previously taken over by Danske and there is a very much Scandanavian feel around what they are trying to do with the NPP.

There are a lot of people out there who still use cheques, despite the stamp duty. We've used them for school payments where the school doesn't have an EPOS terminal and where we don't want to give cash to the kids. Likewise a lot of elderly people still use them (cheque in the post) and it's amazing the amount of companies who use them, until you think about the sheer lack of decent broadband in much of the country and the inability of many outside of the big cities to do things online.

Cheque usage is dropping by 10-15% per annum which is a loss of stamp duty (tax) to the Revenue. The cynic in me says that in time, a new stealth tax for electronic payments will slowly but surely be brought in and the 12cent per ATM transaction is the first of it
 
Cheque usage is dropping by 10-15% per annum which is a loss of stamp duty (tax) to the Revenue. The cynic in me says that in time, a new stealth tax for electronic payments will slowly but surely be brought in and the 12cent per ATM transaction is the first of it

Revenue still only accept cheques for payment of RTSO. More tax to pay a tax.
 
So far my reading on the very unclear announcement is that if I don't use the ATM to get cash, I save the fiver a year charge and have no purchasing transaction charges, or am I wrong?
 
So far my reading on the very unclear announcement is that if I don't use the ATM to get cash, I save the fiver a year charge and have no purchasing transaction charges, or am I wrong?

Correct. If your bank charges you they still apply.
 
Correct. If your bank charges you they still apply.
I have free banking with AIB via "Golden Years" or some such name, but obviously I've had to pay the tax on the ATM/Debit Card. An automatic charge and credit back is generated quarterly for the transaction charges. Super service with online and internet banking included as well as the "one-time" transaction code generator.
 
I got charged €5 stampduty on my Debit Card on 1st January 2016. Is this correct or is this for 2015?
 
I got charged €5 stampduty on my Debit Card on 1st January 2016. Is this correct or is this for 2015?

That charge is for last year.

I don't believe it has been clarified exactly how this charge is supposed to work going forward. I would presume that the 12c charge is not going to be taken when you make the withdrawal. If that is the case then the charge would probably be collected annually. So, what happens if I move current accounts during the year. What if I move multiple times, what if I change from an ATM only card to a debit card or vice-versa. The Revenue website doesn't appear to have any updated information, I can only find reference to the old Stamp Duty.
 
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