NIB forms alliance with An Post

NATIONAL Irish Bank (NIB) will become the first bank in the country to end cash transactions in its branch network when it phases out over-the-counter services later this year.

The Danish-owned NIB, one of the most vocal advocates of the electronic banking system, will use a new partnership with An Post to cater for cash transactions with its customers and use its own branches for card and electronic banking services and customer advice.

From the end of the year, NIB customers who wish to lodge and withdraw cash and cheques from their accounts over-the-counter can do so at any of An Post’s 1,200 or so post offices nationwide. Cheque business will also still be allowed at NIB branches.