Contactless payments to increase from €30 to €50 on 1 April Image: Shutterstock/Jacob Lund Contactless payments to increase from €30 to €50 on 1 April Image: Shutterstock/Jacob Lund CONTACTLESS PAYMENTS WILL increase from €30 to €50 by Wednesday 1 April.
Speaking on RTÉ Radio One today, Brian Hayes of the Banking Federation said the increased limit is already in place in some large retailers around the country.Last week, the Banking and Payments Federation said banks, retailers and technology companies are working closely to roll out the increased contactless payment limit, due to the advice to reduce cash transactions during the Covid-19 outbreak.
AIB recently said it would suspend its plans to introduce contactless fees of 1 cent per payment due to the coronavirus outbreak.He said banks have been getting calls from people who have been online shopping on third-party websites, and have been asked for their personal bank details.“Never give out your pin number,” he said. “A bank or a public utility will never ask for your pin number,” Hayes said.
Scammers appear to be taking advantage of the number of people who have signed up for the emergency pandemic payment, the department said.TheJournal.ie's coronavirus newsletter cuts through the misinformation and noise with the clear facts you need to make informed choices. Sign up here:
Ours increased today. Thanks bankofireland
At long last but can't get answer from Ulster if they are still charging...should suspend during this emergency.
A step in the right direction
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