Bank of Ireland’s partnership with An Post means its customers now have access to over 1,000 locations where they can do their daily banking, despite the bank having announced significant branch closures in recent months.
Back in March, Bank of Ireland (BOI) announced the closure of over 100 of its branches across the island, affecting countless customers from Cavan to Cork.
And with 88 branches in the Republic set to close up shop sooner rather than later, many of the bank's customers might be wondering where they can bank in person going forward...
Well the good news is that BOI has officially launched its new partnership with An Post, which will see customers able to carry out their daily banking activities at their nearest post office.
Want to find out more? Here are the details in full!
BOI partners with An Post
Bank of Ireland customers will now be able to conduct their daily banking tasks in any An Post branch nationwide, which will be particularly good news to those whose local bank branch has closed.
There are over 900 post office branches nationwide for BOI customers to choose from, and according to An Post, 500 of its post offices are located in parts of the country without any bank within a 5km radius.
Personal banking customers will be able to carry out all of the usual day-to-day banking activities you'd expect, such as cash and cheque lodgements, as well as cash withdrawals.
Customers looking to make a cash withdrawal will need an ATM card or debit card with them, however, so make sure to bring your wallet with you if you’re planning on taking out money!
There are still 169 BOI branches remaining nationwide, of course, meaning customers now have access to over 1,000 locations where they can do their daily banking once you include local post offices.
Speaking about the news, Chief Executive Officer at Bank of Ireland, Gavin Kelly said:
We are delighted to see our partnership with An Post now operational in 923 locations around the country and in advance of the closure of any of our branches.
Our customers do not have to make any changes in order to be able to avail of services at An Post locations and they will now be able to bank at about 1,100 locations nationwide.
An Post lends a helping hand
This isn’t the first such partnership An Post has struck up with a bank. AIB and Ulster Bank customers can also perform their daily banking activities in post offices around the country.
More scope for doing business
The news also means that BOI customers will have extended opening hours to carry out their banking business, in contrast to the much shorter hours offered from some of the BOI branches that recently closed.
Post offices are open six days a week in a lot of cases, with opening times usually stretching to 4.30pm, however some outlets may close before this time.
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Did you know that you can easily compare banking and personal finance products on bonkers.ie?
More and more people in Ireland are opting to carry out their everyday banking through digital banks as they often offer more functionality and can cost less.
If you’re considering signing up for a digital bank, take a look at our comparison on N26 versus Revolut for a comprehensive review of both. Alternatively, you can listen to our recent podcast episode on N26 versus Revolut here.
Read our guide on the eight things to consider when choosing a new provider for more information on the differences between digital and traditional banks.
To learn more about all of the various current accounts options on offer, why not have a look at our blog on which bank has the best value current account at the moment?
Let’s hear from you
Are you happy to hear this news from Bank of Ireland? Will you be carrying out your banking at your nearest post office? We’d love to hear from you in the comments below!