National Irish Bank to stop handling cash

breakingnews.iol.ie

One of the country’s larger banks has told to its customers that it is to stop handling cash in its branches.

National Irish Bank says it is moving to a Scandinavian model of “cashless banking” – with an increased reliance on ATMs and debit cards.

NIB has told customers that its branches will no longer handle cash withdrawals or lodgements, nightsafe lodgements or foreign exchange cash.

They are instead urging customers to use ATMs or get cash back on their laser cards if they need notes. Branches will continue to accept cheques and postal orders.

The bank says the idea of “cashless banking” will be rolled out over the next 18 months, and that the model is that used by its Danish parent company.

NIB says Irish dependence on cash is amongst the highest in Europe.

Related posts:

1. Card will be king in new year as cash on way out - Fionnan Sheahan Political Editor Irish Independent SHOPPERS and...
2. Cash to become extinct as chips take off Anthony Keane The Sydney Advertiser CASH is accelerating down the...
3. Banks could need further bailout as shares tumble www.independent.ie IRISH bank shares dropped substantially yesterday amid warnings...
4. Allied Irish Banks Overcharged 40,000 Customers Four Million Euros Monday, 8 February 2010 www.belfasttelegraph.co.uk About 40,000 customers of...
5. Chip and pin should be overhauled to protect millions of bank customers By Richard Alleyne www.telegraph.co.uk 12 Feb 2010 Chip and...
6. Rothschild to advise on Irish banking * Rothschild replaces Merrill as Irish government adviser *...
7. Irish Nationwide and Anglo Irish Bank set to cost taxpayer €12 billion By Richard Curran and Ian Kehoe www.thepost.ie 28 February...
8. Mistakes were made in Irish banking, says former AIB chairman, Bilderberger Gleeson Deaglán De Bréadún Irish Times SERIOUS MISTAKES were made...
9. Multiple travel firms refuse ID cards as passport alternative About as useful for European travel as a Eurostar...
10. Revealed: Members of U.S. Congress profited from bank stocks as they voted on bailouts www.rawstory.com Several members of Congress who oversee the banking industry...