"Contactless Payment" wont be a replacement for carrying cash

30euro max now in Ireland

Just saying.... "Contactless Payment" wont be a replacement for carrying cash unless it remains free per transaction.

What the banks aren't actively saying about it now, is that after August 2016 it will cost 20c per transaction at home (AIB), but already costs 45c per transaction minimum in non-eurozone (upto 11euro max, based on 1.75% of transaction)!

Here is a round up of some of the Irish Bank's details on Contactless Payments charges:

http://personal.aib.ie/content/dam/aib/personal/docs/fees-and-charges/a-guide-to-fees-and-charges-for-personal-accounts.pdf
https://personalbanking.bankofireland.com/wp-content/uploads/2016/03/OMI005651-PCA-Fees-Charges-Brochure-March-2016-FINAL-DIGITAL.pdf

Note: the charges aren't that easy to find!


UPDATE 20160806