Anger at BoI cash rule change

Bank of Ireland has faced a backlash after it unveiled plans to restrict over-the-counter withdrawals and lodgements in a move the finance minister described as “surprising and unnecessary”.

Under rules announced by the bank yesterday the withdrawal of cash up to €700 will take place via ATM only and the lodgements of up to €3,000 cash and 15 cheques will take place via the Lodgement ATM. The amount a customer may withdraw on their card is being increased to €1,300.

From mid-November Bank of Ireland customers will have to use ATMs or mobile devices for small and modest-sized transactions.