An Post will ‘challenge main banks’ – McLoughlin

‘New banking service boost for rural towns’

Sligo News File Online

Fine Gael TD Tony McLoughlin has predicted that banking services An Post is apparently planning to roll out “will challenge the main banks …”

Tony McLoughlin, T.D., Sligo - Leitrim
Tony McLoughlin, T.D.,
Sligo – Leitrim

Though the Coalition has yet to introduce a legislative framework for the proposed service, he observes that the envisaged facility is poised “to challenge the main banks by offering value payments to customers.”

The Sligo – Leitrim Deputy also remarks that the expected service will be a “major boost, particularly to those in rural towns where banks have closed recently.”

It is his understanding, he said, that “An Post is engaging with the Department of Finance and will consult with the Minister for Communications, Energy and Natural resources, Alex White before the necessary legislation will be drafted.”

He has also referred to the extension of the time limit for TAMS 11 schemes announced by the Minister for Agriculture, Simon Coveney.

“It will be a relief for many farmers in Sligo – Leitrim,” he said