The National Irish Bank has issued a report that urges the government to reduce ATM withdrawals
National Irish Bank said in its report, “Target 2013: Modernizing Payments In Ireland,” that ATMs are the principal way many consumers access cash, and the government should try to influence people to reduce cash withdrawals from ATMs in favor of a greater use of debit cards and other electronic payments. The study said by moving to electronic payments and away from cash and checks, the country would save 1 billion euros (U.S. $1.3 billion) annually or about 680 euros (U.S.$869) per household.
Why don’t they just pay higher interest to those who don’t withdraw cash? Seems like they could figure out the right difference in interest yields to get the behavior they seek. Instead, they hope to have the government push in a regulation so they can keep those savings for themselves?