AIB to remove cash and cheque services from 70 branches

DUBLIN: One of the big four commercial banks in Ireland AIB is set to remove cash and cheque services from its 70 branches. This means that cash and cheque services will not be offered either at a counter within the bank or through a machine within the branch.

The bank’s new decision to go completely cashless will come into effect by the end of September. On September 30, cash and check services will be closed at 36 branches across the country, followed by 34 branches from October 31.

AIB’s branches will no longer have coins, notes, cheques, foreign exchange or bank drafts on site. Also, if any of the 70 branches have an ATM outside the premises, this will also be removed.

According to the bank, the reasons behind the new move are “falling levels of cash usage and cheque transactions” and the increased use of digital and card payments.

In an update posted on the AIB website, it said: “We are keeping our branches open in communities, to continue supporting local customers as we do all over Ireland.”

More banking services will now be available at all post offices across the country, which will have extended opening hours and some weekend operations.

The Managing Director of Retail at An Post said that they were delighted to partner with AIB and welcomed the strengthening of their relationship. “The positive impact of this enhanced partnership recognises the needs of local communities and helps underpin the future sustainability of the network as we continue to innovate and re-imagine the role of the post office in communities into the future,” Debbie Byrne said.