A rural TD is considering closing his AIB account because the bank decided to remove cash services from its local branch.
Independent Roscommon TD Michael Fitzmaurice has joined the chorus of voices who have heavily criticized AIB for the move.
It comes as AIB is scheduled to remove cash facilities at 70 branches across the country by October 21.
Mr Fitzmaurice’s local branch in Castlerea is set to go cashless from September 30.
“The government poured a lot of money into AIB years ago to keep it afloat. At the time, it was probably the right thing to do,” he said.
“I bank with them myself in Castlerea and to be honest I’ve read the email that was sent and I was wondering what will become of this building where they are closing services? It basically becomes a walk-in service where you might talk to someone and get a mortgage. Otherwise it is nothing more.
“I’m currently considering taking everything off AIB.”
Mr Fitzmaurice also works as an agricultural contractor and said business people in smaller towns would be particularly affected by the changes.
Speaking of The Tonight Show Referring to Virgin Media, he said the central bank needs to work with credit unions because he believes they will eventually replace commercial banks in rural areas.
“The credit unions will be the new AIB or Bank of Ireland in the local areas to help people,” he said.
“I know people and young people play cards, but … I make contracts [and] Most farmers will pay you by check. You have a duplicate check book. You can give the accountant double that, and that’s how they do things.
“We now seem to be a forgotten people in parts of Ireland with what they are doing.”
He added that depositing checks at a post office is a “slow, cumbersome process” and unless significant resources are pumped into local post offices, they could not replace the services that AIB branches previously provided.
https://www.independent.ie/news/rural-td-considering-shutting-aib-account-due-to-cashless-branch-outrage-41859462.html Rural TD is considering closing AIB account due to outrage from cashless branch