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Bank on Coffey to fight for services for Kilmacthomas

Senator Paudie Coffey opposes Bank of Ireland decision to cease cash transactions

18th August 2017 - Senator Paudie Coffey

In light of news that Bank of Ireland has reduced services for customers in Kilmacthomas, local Fine Gael Senator, Paudie Coffey has raised the matter at the highest levels on behalf of local people and businesses.

“I was very concerned to hear that Bank of Ireland has ceased cash transactions at its branch in Kilmacthomas. Local people and businesses have been contacting me in significant numbers expressing anger about this.

“I have written to the Bank of Ireland Chief Executive, Richard Boucher, about this. I informed him that the decision to downgrade the banking service to automated transactions only is having a detrimental effect on businesses in the area which depend on the service.

“As well as the negative impact on local people, it is worth noting the inconvenience this is bringing to bear for tourists visiting the town. Kilmacthomas is situated right on the Waterford Greenway, and as a result of its growing popularity, many new businesses have emerged in the area. These businesses need banking support with cash facilities and visitors also need to access cash so that the local economy can maximise the benefit from tourism.

“It would be a major mistake for banks in this country to think that only urban areas need a full service. Rural towns depend on these facilities just as much, if not more so, and Bank of Ireland is the only remaining bank in what is a very busy rural town, Kilmacthomas.

“I look forward to a reply from Mr Boucher on this issue and I am hopeful that Bank of Ireland will review its decision and restore a full service in Kilmacthomas. I have also written to the Minister for Finance to highlight the issue with him on behalf of local people and the business community.”

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