Oireachtas Joint and Select Committees

Wednesday, 25 May 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Withdrawal from Irish Banking Market (Resumed): Engagement with Financial Services Union and Electric Ireland

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Sure. I have one last question. It relates to cash. With regard to the practice of banks retreating from physical banking, which I believe is the result of their profit-oriented nature and comes at a cost to communities and customers, are the banks taking a similar attitude towards cash? Have they decided, based on a cost-benefit analysis, that it is better for there to be less cash in society and that they should make cash less available? What is the FSU's view on that?

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