Government Stamp Duty on a debit card
Government Stamp Duty (GSD) is a tax on all Visa Debit and ATM cards which is only charged when you use the card to withdraw from a cash machine. We apply the charge for government stamp duty, in January or February each year. If you do not have enough money in your account, we will apply the charge whenever there is enough money to pay it.
How Government Stamp Duty is calculated
The most you will be charged is €5 for any one debit card and €2.50 for any one ATM only card.
- Point of sale only you will not be charged GSD
- Cash machine only €0.12 for each cash withdrawal that year to a maximum of €2.50. 'GOVT DUTY ATM' will appear on your account
- Point of sale and cash machine €0.12 for each cash withdrawal to a maximum of €5. 'GOVT DUTY ATM/POS' will appear on your account