This new ATM charge came in alongside the removal of the old €2.50 per annum stamp duty charge on ATM cards and the removal of the €5 stamp duty charge on combined ATM & debit cards .
The total annual ATM charge of 12c per transaction is capped at €2.50 for a basic ATM card and €5 for debit cards.
Some people may not even be aware that there was already an annual government charge on ATM or Debit cards. Most people, if they noticed it , probably assumed the charge was just another bank fee.
If you have a full debit card – you would need to do 42 ATM transactions to run up annual stamp duty charges of €5 – if you go over 42 withdrawals you will still only be charged €5 by the government.
Important : This government charge on debit cards and ATM cards should not be confused with the charges that many of the banks make when you use an ATM (sometimes as much as 35c !).
See more here about Bank Charges in Ireland
See more here about ATM Charges for American Visitors to Ireland
Read more about Business Bank Accounts Charges
So – just to clarify – the ATM charge is 12c per cash withdrawal with a cap of €5 in a year if used as both an ATM and a Point of Sale card.
This is charged annually by your bank for the previous year and will appear on your bank statement.
Note: The ATM charge only applies to cards used by Irish residents (the same as the stamp duty charge) . It is not be charged on cards used by tourists/visitors with an address outside Ireland.