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Tag Archives: Post office network

Post office deal sees bank ‘piggybacking’ on State – Talty

A POSTMASTER and local councillor has accused Bank of Ireland of “piggybacking on the State,” in its deal which the bank says is designed to cushion the blow of branches closures in Miltown Malbay, Kilkee, Tulla and elsewhere. Last Monday, in tandem with announcing the shutting of over 100 branches, Bank of Ireland outlined a new deal to allow its customers to do their financial business in post offices. Councillor Shane Talty, who is postmaster in Ennistymon and Lahinch, described the planned closures as “regressive”. “There’s a report from consultants Grant Thornton recommending an annual €17 million Public Service Obligation (PSO) commitment to the post office network,” he said. “The bank is piggybacking on the State and the fact that it will ultimately have responsibility to support services. The bank is abandoning the community and the State will be left holding the post office network in its lap. The transaction fee to postmasters will not sustain the network.” Deputy Michael …

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