Perhaps, but if AIB is now the only bank with a branch in town, how many people are walking into AIB this morning looking to close their accounts?People go to college and study marketing, and PR. AIB can presumably afford to employ people with some level of competence in these areas. And they announce 70 closures in one day, uniting 70 communities and their elected representatives against them.
I went into BOI in Rathfarnham shopping centre on Friday to withdraw cash and they only had an ATM with a limit of €700 a day. I had to go to Terenure, where they still have cash services. It's the first time on 30 years I've been in the Rathfarnham branch as it's closed when most people are off work and it's the first time I've ever been in the Terenure Branch.Didn't BOI have to backtrack on a similar approach a few years ago? They've since closed all those branches. I assume AIB will just do likewise in time.
I don't think that retail customers have much need for cash bank branches any more unless they are doing old-fashioned stuff like wanting to be paid by cheque.it wasn't just over the counter services that were being done away with. Things like night safes were also going to go.
Wow. Do you know if they are payroll cheques or over the counter payments by cheque? I suspect that most are the former.75000 cheques processed daily by Irish banks in the first 3 months of the year, they tend to be for higher values as well
Bulk are business to business. Very few payroll cheques these days. HSE are a big issuer.Wow. Do you know if they are payroll cheques or over the counter payments by cheque? I suspect that most are the former.
Okay.Bulk are business to business. Very few payroll cheques these days.
Why does that not surprise me.HSE are a big issuer.
Yea, but cheques are much more labour intensive. We stopped using them in work ages ago. If your business is so strapped for cash that a few days worth of cashflow is critical then there are bigger problems. I haven't written a personal cheque in years.From a business perspective, it's a very handy way of protecting cash flow given it will take a few days longer to clear then an electronic payment
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