NIB agrees cash service deal with An Post

National Irish Bank (NIB) has agreed a deal with An Post to provide cash services at more than 1,200 post offices as the bank moves to a cashless system across its branch network, reports Irish Times. The article:

Customers will be able to lodge and withdraw cash from post offices under the agreement as NIB closes the traditional bank counters at its branches.

The move is aimed at reducing costs which will lead to the closure of 25 of its 58 branches and a reduction in staff of 150 – or 25%- by the middle of next year.

The new service will be available at post offices from the end of this year.

The bank’s customers will still be able to lodge cheques at NIB branches as well as at post offices from the end of this year.

The bank said it had no plans to offer financial services to An Post customers.