If only the state had some kind of stake or ownership of the bank like 71% or something, oh wait!
“AIB considers Taoiseach’s consideration and says no”
>Forty members of the Fianna Fáil parliamentary party have supported a call from Cork East TD James O’Connor to seek an emergency meeting with Minister for Finance Paschal Donohoe on AIB’s plans.
This could get interesting for the coalition, Paschal has been very quiet about this.
The Taoiseach says a lot of things and does absolutely nothing to improve the situation. It’ll be the same for incoming Lieo.
[deleted]
Soundbite ftw!
This is something of a double edged sword. A private company has no duty to anyone other than its shareholders and in this case handling cash transactions in a bank branch is a pure cost to the bank, there is no profit in it. It’s probably the right decision from a commercial perspective looking to the future notwithstanding the potential customer backlash.
However, AIB’s largest shareholder is the State and if the State feels that this decision should be reversed, it absolutely could force a change in approach. What is the Minister for Finance’s primary aim here then: to do what’s right commercially for the bank it has a large stake in which it hopes to divest at some stage or to do what’s right for rural communities impacted but it? It’s really at their discretion which makes the Taoiseach’s intervention a bit asinine. If he wanted to force a change in AIB, he definitely could.
If only they could create rules around this using some kind of legal authority, oh wait
‘No, stop, don’t’
Does anyone know are these the only ATMs in the towns and villages? I get that it’s a generational thing but I don’t really understand the outrage. I’ve been KBC for years and they are completely cashless in every branch. When I want cash I just go to any atm
Since being forced to use banks, you have ZERO control over YOUR money. Its a disgrace Joe.
The absurdity of government ministers criticising the board of a bank that they own for a decision that will inhibit their constituents’ ability to evade paying tax to the state that they run. You couldn’t make it up.
Now they will have to pay tax on the bribes they receive
Thanks for that useless cunt
Do we have a list of which branches are going cashless?
Or which towns are being left without a way to access cash?
It’s a good defense against bank runs tbf. Easier than rolling in tanks like China
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
He doesn’t care what they do but he has to be seen to voice disapproval
Any time a politician says could, should, would.. Means they’re talking through their hoop
It’s nothing to do with the Government but it’s the impetus I needed to switch from AIB to PTSB. AIB are a rip off anyway. I presume plenty of other people who need cash from time to time will do the same.
Taking money in and giving money out should be non negotiables for any bank operating in Ireland.
You cant build yourselves up through offering these services, get thousands of people tied to you through loans & accounts then pull the rug out from under everyone.
If they were self sufficient you’d say something but the state,(me, youu and everyone else with an Irish passport) own 3/4 of the company!.
Only in Ireland….
Is going cashless even allowed? Like how isn’t it a crime not to except cash?
Can’t get the ATM’s that allow you to lodge and withdraw money? They have them all over the world.
The worst part is AIBs app is absolutely dogshit. I only use AIB for the cash and security. I’d use Revolut ten times over for cashless
[deleted]
“The Irish Government, in response to this new development, decided to cut taxes”
We’re gradually moving towards cash-less society, this is just another of the steps.
It’s a feedback loop, the less it’s used the more burdensome and expensive it becomes to support its usage, so more places will either stop using it or make it difficult/expensive to use.
30 comments
If only the state had some kind of stake or ownership of the bank like 71% or something, oh wait!
“AIB considers Taoiseach’s consideration and says no”
>Forty members of the Fianna Fáil parliamentary party have supported a call from Cork East TD James O’Connor to seek an emergency meeting with Minister for Finance Paschal Donohoe on AIB’s plans.
This could get interesting for the coalition, Paschal has been very quiet about this.
The Taoiseach says a lot of things and does absolutely nothing to improve the situation. It’ll be the same for incoming Lieo.
[deleted]
Soundbite ftw!
This is something of a double edged sword. A private company has no duty to anyone other than its shareholders and in this case handling cash transactions in a bank branch is a pure cost to the bank, there is no profit in it. It’s probably the right decision from a commercial perspective looking to the future notwithstanding the potential customer backlash.
However, AIB’s largest shareholder is the State and if the State feels that this decision should be reversed, it absolutely could force a change in approach. What is the Minister for Finance’s primary aim here then: to do what’s right commercially for the bank it has a large stake in which it hopes to divest at some stage or to do what’s right for rural communities impacted but it? It’s really at their discretion which makes the Taoiseach’s intervention a bit asinine. If he wanted to force a change in AIB, he definitely could.
If only they could create rules around this using some kind of legal authority, oh wait
‘No, stop, don’t’
Does anyone know are these the only ATMs in the towns and villages? I get that it’s a generational thing but I don’t really understand the outrage. I’ve been KBC for years and they are completely cashless in every branch. When I want cash I just go to any atm
Since being forced to use banks, you have ZERO control over YOUR money. Its a disgrace Joe.
The absurdity of government ministers criticising the board of a bank that they own for a decision that will inhibit their constituents’ ability to evade paying tax to the state that they run. You couldn’t make it up.
Now they will have to pay tax on the bribes they receive
Thanks for that useless cunt
Do we have a list of which branches are going cashless?
Or which towns are being left without a way to access cash?
It’s a good defense against bank runs tbf. Easier than rolling in tanks like China
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
The amount of nonsense from the illiterate Facebook crowds shouting about “tracking everything you buy” and “cash is king” is just fucking sad.
They don’t seem to realise they can still get cash in Post Offices, out of their AIB accounts, around the country.
The dependency on cash in the older generations here is ridiculous.
He doesn’t care what they do but he has to be seen to voice disapproval
Any time a politician says could, should, would.. Means they’re talking through their hoop
It’s nothing to do with the Government but it’s the impetus I needed to switch from AIB to PTSB. AIB are a rip off anyway. I presume plenty of other people who need cash from time to time will do the same.
Taking money in and giving money out should be non negotiables for any bank operating in Ireland.
You cant build yourselves up through offering these services, get thousands of people tied to you through loans & accounts then pull the rug out from under everyone.
If they were self sufficient you’d say something but the state,(me, youu and everyone else with an Irish passport) own 3/4 of the company!.
Only in Ireland….
Is going cashless even allowed? Like how isn’t it a crime not to except cash?
Can’t get the ATM’s that allow you to lodge and withdraw money? They have them all over the world.
The worst part is AIBs app is absolutely dogshit. I only use AIB for the cash and security. I’d use Revolut ten times over for cashless
[deleted]
“The Irish Government, in response to this new development, decided to cut taxes”
We’re gradually moving towards cash-less society, this is just another of the steps.
It’s a feedback loop, the less it’s used the more burdensome and expensive it becomes to support its usage, so more places will either stop using it or make it difficult/expensive to use.
Imagine a bank not accepting money