O’Loughlin welcomes the reversal of AIB’s decision to make 70 branches cashless

Fianna Fail Senator Fiona O’Loughlin has welcomed the announcement by AIB that they will reverse their decision to make 70 branches across the country cashless.  

O’Loughlin said “I like so many other was incredibly disappointed when AIB announced that it was planning to make 70 branches around the country cashless, including the branches in Athy and Edenderry.”

“I immediately wrote to the CEO of AIB Colin Hunt calling on him to please reconsider. Cash is legal tender and is a vital aspect of our economy. It is especially important for the older and more vulnerable consumers in our society. Whilst I do absolutely accept that many people are moving away from the use of cash, and most consumers now bank and transact in digital currency, to close the cash facilities in small rural towns such as Athy and Edenderry would be utterly wrong in my view.”

“I felt it would have really negative impacts on many elderly persons, many of whom may not have the mobility to travel further afield to access cash services. I also wrote to Minister Pascal Donohoe to pressure him to use his influence as Minister for Finance to ensure that these vital services were maintained.”

Fiona concluded “I am pleased that AIB has made the right decision to not proceed with its plans to remove cash from 70 branches, and want to commend all those who campaigned in recent days for this vital service to be maintained.”