Sinn Féin : No excuses from Ulster Bank are good enough – Tóibín

13 January, 2017 - by Peadar Tóibín TD

Sinn Féin TD Peadar Tóibín has said no excuses from Ulster Bank are good enough after yet another failure to process workers' salaries on time. He said the Central Bank needs to get tough on banks that don't do their job.

Deputy Tóibín said:

'I think most workers affected aren't interested in excuses and neither should the Central Bank. The potential damage done to people who may now miss a mortgage payment or another important payment or simply have not had enough to fill their car with petrol this morning is massive. This is not the first time banks have failed and coming, as it does, from Ulster Bank it is particularly hard to stomach after their IT troubles of recent years.

'The Central Bank needs to let Ulster Bank and all other banks know that no excuses are valid. It is the banks' jobs to make sure workers get their pay when they expect it. Delays are simply not acceptable. Ulster Bank need to fix their systems once and for all and apologise to all affected. The Central Bank needs to get tougher with banks and impose fines and other penalties. This is not a victimless failure and should be treated very seriously.

'Sinn Féin will be raising this issue when the Dáil returns.'