AIB has announced the suspension of planned fees for contactless payments.
The bank said they made the decision in light of the current Covid-19 outbreak.
The decision to impose the new fees was originally announced on Tuesday, and drew a backlash on social media, especially on Twitter.
AIB had planned to introduce 1c charges for customers who make contactless payments from May 30, 2020.
A quarterly maintenance fee of €4.50 for current accounts was also planned.
Finding out AIB plan to charge for contactless payment :/ pic.twitter.com/5Tzm7r8JPO— Anne-Marie Regan (@AnneMarieRegan1) March 13, 2020
The Irish taxpayer saved AIB with their hard earned taxes.
The experts have advised us to use contactless in current @V2019N context.
Aib to charge for contactless payments unless you have €2,500 constantly in your current account.
So if you don't much money you get charged, if you are rich you don't.
Thanks a bunch.
This is the bank largely owned by the State ie - us, after we bailed them out.— Ms F Tutu (@Ms_F_Tutu) March 10, 2020
Sinn Féin spokesman for Finance Pearse Doherty was also critical of the new fees.
He said: "The last thing workers and families need in uncertain times are further stealth charges on customers like that announced today by AIB, a State-owned bank."
In a brief statement this evening, the bank said: "In the light of the current Covid-19 outbreak AIB is suspending the planned introduction of the contactless fee."
AIB was the third bank to charge for contactless payments, following Bank of Ireland and Ulster Bank.