Tuesday, July 19, 2022

AIB in Tullow

The withdrawal of ATM and cash services at Tullow’s AIB branch has been described as a “terrible decision”.

Tullow is one of 70 branches that is to be turned into a ‘cashless outlet’ that will focus more on account opening, loans, savings, investments and mortgages.

AIB say there is declining demand for cash services.

AIB said: “With digital usage soaring, the cost of providing cash services has become increasingly unsustainable.

“As a result, cash, ATM and cheque services will be removed from these branches but customers will continue to have efficient access to cash in their communities.

“This will enable the bank to provide additional account-opening facilities as Ulster Bank and KBC leave the market, while also ensuring that its branch network has a sustainable future in the community.”

Cllr William Paton described it as a “terrible decision” on social media and said he would be raising it at county council level.

In a statement, People Before Profit’s rep for for John Cahill said rural Ireland was being abandoned.

Mr Cahill said: “This is shocking but not surprising, many people are going to be put out now and have no access to their own money after 5.30pm when the Post Office closes. This move will disproportionately affect the elderly and those who are not IT literate.

“These banks only care about big profit and have clearly moved away from a model of decent customer service. AIB reported profits of €645m in 2021, before their shareholders get huge pay-outs AIB should instead invest more, not less, in their rural premises.”


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