Thursday 8 December 2016

Comment: Your mother always said you should get a job in the bank

Published 04/11/2015 | 02:30

Fewer people going into branches to use bank staff to withdraw and lodge cash and cheques means savings for the bank
Fewer people going into branches to use bank staff to withdraw and lodge cash and cheques means savings for the bank

Your mother always said you should get a job in the bank. She just never told you that one day you would end up doing the job of a banker, but without getting paid for it, and without having the benefit of a juicy pension.

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This is one way of summing up the move by Bank of Ireland to restrict the value of cash withdrawals and lodgements in its branches.

Of course, the main motivation for Bank of Ireland is cost saving. Fewer people going into branches to use bank staff to withdraw and lodge cash and cheques means savings for the bank.

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