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What is DEBIT STAMP DUTY on my account?

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  • 31-01-2013 12:59am
    #1
    NIMAN
    Registered Users Posts: 33,594 ✭✭✭✭


    I have a current account with AIB and yesterday €5 came out as "Debit Stamp Duty".

    I have never seen this before on my account, only the quarterly fees would be similar, but these came out as usual just before Christmas.

    Anyone know what this might have been for?


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    #2
    Captain Chaos
    Registered Users Posts: 11,174 ✭✭✭✭Captain Chaos


    It's the annual government stamp duty for having a Visa Debit card. It's 2.50, and another 2.50 if you have ever used it online.


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    #3
    Redshift
    Closed Accounts Posts: 2,486 ✭✭✭Redshift


    It's Government stamp duty on your ATM/Debit card, I got hit with it too. It's 20 euro on credit cards if I remember correctly.
    Just another stealth tax:rolleyes:


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    #4
    NIMAN
    Registered Users Posts: 33,594 ✭✭✭✭NIMAN


    So did it only come in this last year?

    Never seen it before on my account.


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    #5
    P_1
    Registered Users Posts: 14,681 ✭✭✭✭P_1


    Are you with AIB/BOI by any chance?

    If you only got the Visa Debit this year chances are the tax for Laser was less


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    #6
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    So did it only come in this last year?

    Nope, it's been around for many years now.
    It's Government stamp duty on your ATM/Debit card, I got hit with it too. It's 20 euro on credit cards if I remember correctly.

    €30 for credit cards.
    P_1 wrote: »
    Are you with AIB/BOI by any chance?

    If you only got the Visa Debit this year chances are the tax for Laser was less


    Laser or Visa debit, the stamp duty is exactly the same.


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    #7
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    NIMAN wrote: »
    So did it only come in this last year?

    Never seen it before on my account.

    I've been charged it every year I've had my bank account, and that's since 1997. Not sure when it came in.


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    #8
    NIMAN
    Registered Users Posts: 33,594 ✭✭✭✭NIMAN


    Maybe it was always there and I just didn't notice it.

    Cheers all.


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    #9
    Cedrus
    Registered Users Posts: 1,429 ✭✭✭Cedrus


    In the good times most people didn't read our bank statements, now most of us have to and It's scary.

    Next step is to check what standing orders and direct debits are authorised and scrap all the redundant ones. I found an insurance policy that I barely remembered taking out 10 years earlier, I thought it was only authorised for 6 months but they kept taking the payments every 3 months. I missed it for 9 1/2 years because I only checked some of my monthly statements and the odds of it being a month they took it out were not in my favour.


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    #10
    BigAl81
    Registered Users Posts: 1,119 ✭✭✭BigAl81


    Have a joint account and got charged it twice ;o(


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    #11
    NuMarvel
    Registered Users Posts: 3,279 ✭✭✭NuMarvel


    NIMAN wrote: »
    Maybe it was always there and I just didn't notice it.

    Cheers all.

    That's why people call it a stealth tax :D:D


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    #12
    ANXIOUS
    Registered Users Posts: 3,095 ✭✭✭ANXIOUS


    It was mainly to replace the stamp duty they lost when people moved away from checks.


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    #13
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    Captain Chaos wrote: »
    It's the annual government stamp duty for having a Visa Debit card. It's 2.50, and another 2.50 if you have ever used it online.

    €2.50 for point of sale and €2.50 for ATM.


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