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Minister welcomes abolition of cross-border transfer fees

28 November, 2007

Sinn Féin deputy First Minister Martin McGuinness has welcomed the decision by National Irish Bank and its sister company Northern Bank to abolish fees for electronic cross-border transfers.

Mr McGuinness said:

"At the recent institutional meeting of the North South Ministerial Council in Dundalk it was agreed to set up a working group to examine cross-border banking issues, including transaction charges, and report back to a future NSMC meeting. This announcement is therefore welcomed.

"It will prove beneficial to many people who work and live on different sides of the border and I hope it may provide a lead which other banks will follow." ENDS

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