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NIB cashless banking

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  • 14-04-2010 4:09pm
    #1
    smemon
    Registered Users Posts: 3,467 ✭✭✭


    Just got a letter saying that...

    "From 12th July 2010, your NIB branch will no longer handle cash transactions including over the counter cash withdrawals and lodgements"..

    Can someone explain how i can lodge cash in to my account? :rolleyes: This would be fine if they had proper, secure machines that allowed you to lodge cash like in the US but no...

    Idiotic move imo and if i can't lodge cash simply i shall be closing my account and moving elsewhere...


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    #2
    jimoc
    Registered Users Posts: 634 ✭✭✭jimoc


    Do NIB not have express lodgement boxes?

    BOI do, I've not had to go to the counter of a bank in over 10 years


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    #3
    smemon
    Registered Users Posts: 3,467 ✭✭✭smemon


    they do but they're not instant or secure... if i lodge cash i get a confirmation print out & my account is updated within a few minutes..

    as far as i know the one in my branch is just a letterbox type system... must actually go in and check as i never actually use it... been unlucky enough to have had a few problems (never going in my favour)...

    just last month i lodged a cheque for 180 i think and i noticed the print out said 150... had that been an express lodgement it would be much more difficult & lengthly to sort out.


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    #4
    homer911
    Registered Users Posts: 5,113 ✭✭✭homer911


    All banks would love to be out of the cash business - its a very costly service for them


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    #5
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    smemon wrote: »
    Just got a letter saying that...

    "From 12th July 2010, your NIB branch will no longer handle cash transactions including over the counter cash withdrawals and lodgements"..

    Can someone explain how i can lodge cash in to my account? :rolleyes: This would be fine if they had proper, secure machines that allowed you to lodge cash like in the US but no...

    Idiotic move imo and if i can't lodge cash simply i shall be closing my account and moving elsewhere...

    When was the last time you needed to lodge cash? I can't remember when I last lodged cash into my account.


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    #6
    smemon
    Registered Users Posts: 3,467 ✭✭✭smemon


    Ogham wrote: »
    When was the last time you needed to lodge cash? I can't remember when I last lodged cash into my account.

    it's not just lodging cash... what happens if you want to withdraw say €1k...

    you can't... credit / debit cards typically have lowish withdrawal limits per day...


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    #7
    BuffyBot
    Moderators, Motoring & Transport Moderators Posts: 24,924 Mod ✭✭✭✭BuffyBot


    Can someone explain how i can lodge cash in to my account?

    I think the point is that you can't. At least not at that branch of NIB. Unless they've updated their ATM's to accept lodgements.


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    #8
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    smemon wrote: »
    it's not just lodging cash... what happens if you want to withdraw say €1k...

    you can't... credit / debit cards typically have lowish withdrawal limits per day...

    Have you ever had a need to withdraw more cash than your ATM will allow?
    When I heard they were going cashless - I thought it was bad - but really it will not cause much of a problem. If you think it will - then just move banks.


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    #9
    sitstill
    Registered Users Posts: 1,380 ✭✭✭sitstill


    I bank with BOI and have had to lodge or withdraw cash at the counter a few times. I wouldnt not like to see them go cashless. I did if a bank doesn't deal in cash then they are not offering a full service. What would banks like NIB want to be cashless?


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