We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Post offices, like this one in west Wicklow, often serve rural communities that don't have access to banks. Eamonn Farrell/Photocall Ireland

Should An Post have a role in banks restructuring plans?

Postmasters’ union says the post office should become “a channel of choice” for providing banking services in remote areas.

THE HUMBLE POST office could be the saviour of the Irish financial services sector – according to the Irish Postmasters’ Union (IPU).

The union has said today that the post office could be “a central part of the re-organisation of banking services in Ireland”. The postmasters are advising the Government to take advantage of the fact that there are 1,100 fully automated post offices across the country and that many are in areas that are normally neglected by more traditional banking services providers.

IPU General Secretary Brian McGann said:

The Post Office network is larger than the 900 branches held by AIB, BoI, NIB, TSB and Ulster Bank combined. This means that Post Offices have the greatest capacity of any provider in the country to deliver financial services.

It is already possible for An Post customers to pay bills, receive social welfare payments, access savings and other financial services at post offices.

“There is no reason why local post offices can’t provide a whole variety of services,” said Mr McGann. “We are open for business and that means serving customers five and a half days each week. People know and trust us and we will be there for our customers when they need us.”

What do you think: should post offices be used to provide more financial services in the new banks restructuring plan?

Poll Results:

Yes (202)
No (49)