Stamp Duty on financial cards
ATM, debit and combined cards
The rate for ATM cards (also known as cash cards) is €0.12 per ATM withdrawal to a maximum of €2.50 per card.
There is no charge to a debit function only used in a year.
The rate for combined cards (ATM & debit) is €0.12 per ATM withdrawal to a maximum of €2.50 per card where only the ATM function is used during the year.
The rate for both functions used in a year is €0.12 per ATM withdrawal to a maximum of €5.00 per card.
Stamp Duty arises against the card and is collected in arrears. Stamp Duty for the calendar year 2016 should be charged to your account on 31 December 2016.
There will not be a second charge to Stamp Duty when switching accounts within an institution or between institutions in any one year. This is provided you close your old account.
If you close your account before 31 December in a year your card issuer will not charge your account with Stamp Duty. The duty is only collected on cards which are valid on 31 December each year.
If you do not use your card during the year there will be no Stamp Duty charge.
Where the card is in respect of a deposit account and the average daily balance does not exceed €12.70, there will be no Stamp Duty charge.
If you use the card only to request a chequebook, a balance statement, to establish your identity or to establish a correct customer account number, there will be no Stamp Duty charge.
There will be no Stamp Duty charge on cards issued on basic payment accounts. These are accounts where the account holder did not hold an account for the previous three years or did not initiate any activity on the account for that period, and is in receipt of less than €4,500 per quarter (except for social welfare payments).
If you use your card to facilitate cash transfer or withdrawal of funds, you will be charged.
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