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Roscommon-Galway TD calls for more banking options in Ireland

Jul 23, 2022 09:31 By News Northern Sound
Roscommon-Galway TD calls for more banking options in Ireland
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AIB reversed its decision to move to cashless outlets after a public outcry, but has left people feeling like they need more options.

A Roscommon-Galway TD is calling for another commercial bank to be set up in this country to compete with existing banks.

Denis Naughton says yesterday's decision by AIB to reverse its move to cashless outlets was the right decision to make.

It's announcement earlier this week that it would remove cash services from 70 branches led to a public outcry and a u-turn.

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Deputy Naughton says the Government must set up a new bank so people have options:

"I believe that that needs to be established, by the State, using the two existing State banks - the Strategic Banking Corporation of Ireland and Micro Finance Ireland, combined with the Post Office network and the Credit Union network, to provide a viable alternative in communities right across this country, so that people have access to financial services regardless of where they live."

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