187. Deputy Marc MacSharry asked the Minister for Finance if his attention has been drawn to the fact that the major banks have given notice that negative interest rates charges are to apply to solicitor client accounts used for commercial and conveyancing transactions handled by solicitors, including the buying and selling of houses and land; if he considers this appropriate; and his views on whether this will have a detrimental effect on consumers and create an additional financial burden on borrowers hoping to acquire a home. [9773/21]

Summary

187. Deputy Marc MacSharry asked the Minister for Finance if his attention has been drawn to the fact that the major banks have given notice that negative interest rates charges are to apply to solicitor client accounts used for commercial and conveyancing transactions handled by solicitors, including the buying and selling of houses and land; if he considers this appropriate; and his views on whether this will have a detrimental effect on consumers and create an additional financial burden on borrowers hoping to acquire a home. [9773/21]

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• Departmental Correspondence

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