Frequently Asked Questions
Why is cash so popular?
Cash has been around for hundreds of years, is easily recognisable, universally accepted and very convenient for small value transactions.
How can I reduce the amount of cash I need to carry?
You can reduce the amount of cash you carry by paying for goods and services with a payment card when shopping.
How can I get cash from my bank account?
In addition to ATMs, most debit cards issued in Ireland facilitate a cashback service when making purchases.
Is cash free?
Cash is one of the most popular payment instruments. However it is also one of the most expensive. Although some banks may not charge to make withdrawals, there are many costs associated with cash. These include:
- Manufacturing
- Distribution
- Recycling
- Security
- Transport
Cash also attracts criminal activity. The cost to banks, to business, to the Government and to security forces are ultimately borne by the taxpayer and society in general. A shift from cash to electronic payments could ultimately increase Ireland’s economic competitiveness.
What countries use euro as their currency?
- Austria
- Belgium
- Cyprus
- Finland
- France
- Germany
- Greece
- Ireland
- Italy
- Luxembourg
- Malta
- The Netherlands
- Portugal
- Slovakia
- Slovenia
- Spain
Why is it safer to shop with cards?
Using debit and credit cards reduces the need to withdraw and carry cash - which can make for a safer shopping experience.
Why are people increasingly using cards instead of cash for many of their purchases?
Apart from the convenience, security and cost benefits of using cards, many card issuers offer additional benefits (e.g. purchase protection, travel insurance) for goods and services paid for with their cards.
For further information on cash please click on the menu to the left.
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