New legislation will require banks to provide adequate ATM coverage

Cash usage has declined in Ireland in recent years with around €13.5bn withdrawn from ATMs in 2022 down from just under €20bn before the pandemic.

Banks will be required to provide additional ATMs in areas of low coverage under new legislation being brought to Cabinet this week.

Finance minister Michael McGrath is to bring forward an Access to Cash memo to ensure people have the ability to withdraw money and do not have to travel long distances to an ATM.