There is blind outrage among Bank of Ireland customers this morning, after bank officials announced new draconian regulations which will affect how many people carry out their banking.
The bank has announced plans to curtail cash withdrawing with the assistance of a teller in a branch unless the amount exceeds €700. Also, cash deposits and cheque lodgements made with the assistance of a staff member at the branch will need to exceed €3,000 before they are allowed.
Instead of using “human” help, customers will be directed to the ATMs at the branch to carry out most of their business.
Senior citizens in particular will be badly affected by the move, as they may be unfamiliar with electronic banking.
It is understood that no other banks have similar plans in the pipeline.