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Irish Mirror
Irish Mirror
National
Cormac O'Shea & Ciara Phelan

AIB abandons plans to go cashless in 70 branches - all you need to know

AIB has abandoned plans to go cashless in 70 branches after "public unease".

The decision was announced earlier this week but the company has confirmed their u-turn this afternoon.

A spokesperson said: "In recent years there has been a dramatic increase in the use of digital banking services and a decline in branch visits and cash usage. In AIB’s case, there are 2.9 million daily digital interactions compared with 35,000 customer branch visits. There has been a 36% decline in cash withdrawals from ATMs and a 50% fall in cheque usage over the past five years. AIB has also seen a fall of almost 50% in branch over-the-counter teller transactions, while mobile and online payments have increased by 85% in that same timeframe.

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