AIB going cashless around Kerry.

How is paying an ATM fee cheaper than using contactless which doesn't attract any fee?

If I'm not mistaken, none of the Irish banks signed up to this scheme as I know BoI still charge businesses I think €25 for a "rapid" transfer. And they sit wondering why they're losing customers to the fintechs 🙄

Crime syndicates... take the tinfoil hat off ffs.

I live in the countryside about 8km from the nearest town so, no, I cant list any within walking distance👍not sure what that has to do with anything anyway as I'm not going to drive 20km to the nearest aib if I need cash when there is a filling station 5km down the road with an atm...

A quick Google shows about 15 atms within 10km from my house.

How about you list me how many AIBs don't have another ATM within walking distance of them?

I see people's points about the safety deposit boxes, but everything else was making mountains out of molehills. All the other services would have been available via the post office and 3rd party ATMs, not many towns about that have a bank and not a post office.

All this is going to do is push my bank charges up in the medium-long term.

Synch or whatever its called. The elderly wont use it because according to many on here apparently elderly people can't use technology. Then younger people won't use it as Revolut has the market sewn up. So the banks are going to piss money away to develop a white elephant app and then increase their bank charges to pay for it. Laughable. They're years too late.

I think this whole AIB going cashless debacle was blown well out of proportion. The way people were reacting to this you'd swear AIB announced they were shutting up shop completely. They are not. TD's and the Taoiseach getting involved is just basically electioneering. Being a champion of the people. Standing up to the banks to win more votes. That couldn't give two f's if all AIB branches went cashless. My local AIB branch was one of the 70 going cashless. The AIB here is open 10am - 4pm most days. The post office which is located less than 100 metres away is in fact open much longer each day and is located next to a large carpark. So in our case AIB customers would benefit by having extra opening hours to do their banking and it would be more accessible. Not to mention that there are at least 7 ATMs in the immediate vicinity. I know that situation doesn't apply everywhere. Some towns and villages would be more affected than others. What AIB should do is go on a case by case basis and focus on converting branches in larger towns where the impact would be less then slowly convert other branches. Much like the 22 branches that are already cashless and were forgotten about pretty quickly. While cash may still account for 30% of transactions, having an AIB branch with full cash services next door to a post office that could easily cater for those customers is crazy in my opinion.

22.4% isn't that much higher than 20%

https://www.statista.com/statistics/1095019/cash-use-in-ireland/

Their mistake was announcing it and doing it all at once.

It will be done slowly instead and the same endpoint will be reached.

Cash is going the same way as cheques and will become niche.

The banks have always been interested in their shareholder returns , that is the whole purpose of them

A public bank isn't a very good idea as the public sector isn't known for efficentcy , there is only a certain amount of income to go around and wasting it on a project like this isn't a good use of the limited funds

Most countries that do have public banks have a much higher population and higher effective tax rates

The high interest rate on mortgages here is caused by the extremely high level of legal protection given to non-payors which allows them to stay in a house even if they haven't paid the mortgage for 10 years, if you stopped paying the mortgage in most countries you would be out of the house within a few weeks

I believe its higher from working in the industry but that's just from what im seeing.

Even if its 22.4% thats Billions of Euro being used a year lets not pretend were talking peanuts here.

Your beliefs are likely clouded by working in the cash industry. You would be unaware of how many contactless and card transactions there are

Of course there's a huge volume of contactless and card payments but that doesn't negate the fact that billions are also circulated in cash. I don't know why people are so fixated with one payment method versus another. Each have their uses and there's no reason why they can't coexist.

I have 4 in my wallet right now without raised numbers (one has no numbers at all). I've only used a card impressor once about 15 years ago at a b&b somewhere in NI.

To be honest, and I have no particular skin in the game, you seem more fixated. Do what suits you and let others do as suits them. Not everybody's daily experience is the same as yours.