AIB decides not to proceed with cashless move

33 comments

  4. In fairness to them, The Irish market wasn’t ready for it yet, but they will definitely not be the last bank to look at it.

    The revolut model is too tempting.

    And in order to even attempt to keep up with them to compete, the cashless system was a solid option for someone to take.

    Completely alienates a chunk of their customer base, rural Ireland, older generations etc… But it might be the future.

  5. I remember Lenehen Jr and his cohorts saying they had to guarantee the banks or cash would stop flowing. The postoffice network is actual state financial infrastructure so they can never say there wasn’t an alternative to propping up profit driven private banks.

  8. I can’t help but think this is just kicking the can down the road further. I understand people are angry, particularly those who are older and in rural communities, but there does seem to be an inevitability that cash will be more of a thing of the past.

  9. Do people use cash here regularly? I haven’t made a cash withdrawal in well over 4 years m. If someone owes me money for something I’ll also refuse cash payments.

    I can understand the older generation using it but from my point of view at least I didn’t see much wrong with what they were doing. It was being phased out and not eliminated completely like.

  11. So will the usual moaner brigade be happy to give the Government a bit of credit for pressuring AIB into this u-turn?

  12. I don’t think it’s just about older people. I’ve heard a lot of people in the radio talking about businesses such as shops, pubs, hairdressers etc that need to be able to lodge to their bank and may now need to travel much further to deposit. I think it should happen eventually but like another person said it’s probably too soon.

  16. One of the maddest things above this move I thought was you possibly wouldnt be able to get cash out with photo ID anymore in your nearest branch if your card was lost/stolen.

  19. Is AIB a big bank in the south? I stopped using them when I was getting 60 quid charge every month that they couldn’t stop or tell how it was happening, closing the account was the easiest thing to do. Havent used them since, they seem like a big fuckings shabbles still.

  22. Political interference in AIB won’t help the governments plan to sell their stake in it.

    It might sound great for a handful of people, but the brick and mortar banks are a major fixed cost for the banks that most of us don’t use.

    They need to rachet up the fees on those customers that use in person services so they pay for it rather than most of us who wouldn’t actually notice if it went.

  25. Is there not an irony that it would have upgraded the services available at the local post offices and possibly making them more viable as hubs?

  26. I work in a retail warehouse and nearly every day I’m asked if we accept cash. Of course we do.

    I’m no longer surprised when I see a customer open their wallet and it’s chock full of €50 notes. The largest amount of cash I’ve had handed to me for a purchase was €1,400. A lot of tradespeople still deal in cash.

  28. Honestly, folks like my parents are more likely to switch to fully online banking if cash services are still available. They want to know that if something goes wrong they can still call to a branch and talk to someone.

  29. I know state owns most of them, but there move made sense. An post now offers aib and boi services. And the cash banking in small branches is a loss maker. People want free banking and all services in there small town

  30. I know this may sound gas to some people but I like having cash in my pocket. I like having notes in one, coins in the other. I like the feel of it. I like folding the note in half, length ways as I’m waiting for my pint, handing it over, scooping up the change while talking shite to the barman. I like tipping the waiter or waitress with a sneaky fiver or tenner. I like throwing the homeless a few quid. I like giving the busker a few quid and knowing that these transactions are from me to them, no banks, no government involved. It’s physical, it’s real. It’s there and it’s gone. I’m in touch with my spending.Empty pocket, time to go home.I respect it. On another note (pardon the pun) for years I have emptied my pockets in the evening and thrown “the coinage” 🤣 into a large glass jar…2’s, 1’s, 50 cents..the lot! Last December, I emptied said jar, which was hefty and I had inadvertently saved €710!! Christmas was a lot easier on the pocket. If that money had been in my account and I could see it as zero’s and one’s, it would have been gone already.

  31. How the fuck do Irish banks who have the highest charges in Europe a monopoly and bailed out, provide no services, keep losing money.

  32. It their obvious attempt to pull the wool over the public’s eyes and eventually lead towards a mass closure of branches essentially isolating long term non-internet customers, and possible cutting of hundreds of job roles, AIB gets called out for their dumb decision.

    Good to see public discourse still has power to do good.

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