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Wednesday 31 May 2023 Dublin: 15°C

# cash is king

This year
2023
# cash is king
Govt won't oppose Rural Independents' motion to protect access to cash
Finance Minister Michael McGrath made the proposal at Cabinet today.
Last year
2022
# cashless society
Certain businesses and sectors should be legislated to accept cash
A review into retail banking states that there will be a decline in bank branches and ATMs in the coming years.
Government advised to preemptively legislate to ensure that cash continues to be accepted by certain sectors and businesses, reports Political Correspondent Christina Finn
Risks could arise should retailers such as large supermarket chains and other services such as GPs or hospitals decide to not accept cash, the banking report finds.
The Irish bank branch network has reduced from 617 branches in June 2020 to 438 branches in September 2022.
'We got it wrong, we made a mistake': AIB not planning to return to cashless branch strategy
Politicians declare victory for ‘people power’ after AIB u-turn on withdrawing cash services
All time
# cash is king
Bank of Ireland reverses decision to stop all-day cash services in over 100 branches
Earlier this year, the bank announced that around 100 branches across the country would have cash services for half days only.