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Stamp Duty on Cheques

Stamp duty is payable at a rate of €0.50 per cheque on all cheques drawn on accounts held in the Republic of Ireland.  In some banks, the duty is payable by the bank when a cheque-book is issued to a customer, and the amount is charged to the customers account.  In other banks, the stamp duty is charged when thed cheque is presented. Evidence of payment is shown by the harp logo on the face of each cheque.  Where a specially designed cheque is printed for a business, then the bank has an obligation to ensure that the duty is paid before the cheques are issued to the account-holder.  Where unused cheques are returned (on closing the account, death of the account-holder, change of name, etc) a refund can be made at the bank of issue.

Stamp Duty on Credit Cards

Stamp duty is payable annually at a rate of €30 on every credit card account.  A credit card account may have more than one card.  However, only one stamp duty applies (Note that this rule is different on ATM cards and Debit Cards - see below).  Your bank will advise as to the date of charge.

 

A joint credit card account may have separate cards in the individual names of the account-holders. 

 

Some banks can provide additional cards (e.g. in the names of a spouse, son, or daughter) and in such circumstances, the account-holder is responsible for the transactions undertaken on all of the cards

 

Some banks can provide both Visa and Mastercard cards on the same account

On the transfer of a credit card account, a refund of stamp duty can be obtained in respect of the closed account.  The new bank will advise on how this is obtained.

Stamp Duty on Debit Cards (Laser), ATM cards, Combined Laser/ATM cards

Stamp duty is payable annually at a rate of €2.50 on every debit card (Laser), or ATM card.  Stamp duty is payable annually at a rate of €5 on every combined Laser/ATM card.   A current account may have more than one card.  For each card a stamp duty applies (Note that this rule is different on Credit Cards - see above).  Your bank will advise as to the date of charge.

On the transfer of a current account, a refund of stamp duty can be obtained in respect of the closed account.  The new bank will advise on how this is obtained.