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Dáil
‹ Ceisteanna ó Cheannairí - Leaders' Questions

Bank branches and access

Summary

In response to a follow-up on Ulster Bank, the Tánaiste said branch use is declining as more transactions move online and urged honesty about that change. When challenged on whether everyone has a branch within 5 km, he said certainly not, and the exchange ended as the Chair moved on.

Leo Varadkar The Tánaiste Fine Gael

Nobody likes to see a bank branch close in a town. We need to be honest and realistic, however. The world has moved on. The number of people who go into a bank branch now is a fraction of what it was ten or 20 years ago, and the number will keep falling. Most purchases in Ireland now are happening electronically. Even places where a person could not use a card before and where they only took cash, they sometimes now only take a card. Older people, by and large, have adopted and adapted to that change in technology, much more so than many people give them credit for. That is the truth of the way in which the world is moved on.

I represent a constituency with 120,000 or 130,000 people. There are two, perhaps three, banks in the entire constituency. It is not that people travel to other parts of Dublin or other parts of Meath or Louth to use those branches. People are managing money in a totally different way and-----

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Is there one within 5 km of everybody?

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Leo Varadkar The Tánaiste Fine Gael

Certainly not, no.

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Catherine Connolly An Leas-Cheann Comhairle Independent

Sorry, Tánaiste. The time is up now.

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Leo Varadkar The Tánaiste Fine Gael

We need to be honest with people about that. One thing I saw last year and was really impressed with-----

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Catherine Connolly An Leas-Cheann Comhairle Independent

Tánaiste, we are over time.

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Leo Varadkar The Tánaiste Fine Gael

The Deputy should have a look at one of the old banks in Edgeworthstown and how that has been turned into an enterprise hub.

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Catherine Connolly An Leas-Cheann Comhairle Independent

For clarity, because it puts the Leas-Cheann Comhairle in a difficult position, it is one question, one issue. The Tánaiste has chosen to answer the second issue, so the antigen test question has not been answered, and we will just leave it like that. I am moving on now to Questions on Promised Legislation.

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