An interesting feature of basic banking account scheme is the element of transparency i.e. the banking institution should, prior to opening the account, furnish a written disclosure to the account holder describing the main features of the scheme i.e.
Patrick Honohan: The importance of sound information in assessing the health of the Irish banking sector Address by Mr Patrick Honohan, Governor of the Central Bank of Ireland, to the Chartered Accountants Ireland, Dublin, 23 November 2010.