Cash and cheque costs burdening Irish SMEs, says NIB

Small and medium sized firms in Ireland are facing much higher costs than their European competitors because of their continued dependence on cash and cheques, according to National Irish Bank.

“Small businesses in Ireland are currently burdened with a huge level of unnecessary cost and administration associated with the very high volume of cheques and cash, which is diverting them from doing what they do best,” said NIB deputy chief executive Kevin Gallen.