12c charge on ATM transactions in Budget 2016 to encourage cashless society

The Government is slapping a 12c charge on all ATM transactions in an attempt to nudge the country towards a cashless society.

The Government is slapping a 12c charge on all ATM transactions, capped at €2.50, in an attempt to nudge the country towards a cashless society.

We are among the biggest users of cash and cheques in Europe and have shown a reluctance to move over to electronic payments.