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Bank of Ireland to ban branch cash withdrawals under €700

byCustoms Today Report
04/11/2015
in Uncategorized
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DUBLIN: Bank of Ireland is to restrict over-the-counter cash withdrawals and lodgements.

Under new rules announced by the bank, withdrawals of less than €700 will no longer be facilitated with the aid of tellers in branches.

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From mid-November, customers will have to use ATMs or mobile devices for small and modest-sized withdrawals.

Lodgements of up to €3,000 and those involving less than 15 cheques will also have to use the bank’s dedicated lodgement ATMs.

The bank said payments, lodgements and withdrawals in excess of these amounts would be dealt with by staff in branches.

The changes will also see the daily withdrawal limit on cards increased to €1,300.

“Bank of Ireland understands these changes may be a new way of banking for some of our customers, and the branch teams will be available to help and guide them through this change,” the bank said in a statement.

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