AIB has announced the suspension of planned fees for contactless payments.
The bank said they made the decision in light of the current Covid-19 outbreak.
The decision to impose the new fees was originally announced on Tuesday, and drew a backlash on social media, especially on Twitter.
AIB had planned to introduce 1c charges for customers who make contactless payments from May 30, 2020.
A quarterly maintenance fee of €4.50 for current accounts was also planned.
Finding out AIB plan to charge for contactless payment :/ pic.twitter.com/5Tzm7r8JPO
— Anne-Marie Mera (@AnneMarieRegan1) March 13, 2020
The Irish taxpayer saved AIB with their hard earned taxes.
— Marie Tess. (@TesstessToron) March 13, 2020
The experts have advised us to use contactless in current @V2019N context.
AIB raised charges on contactless payments this week.😣#todaysor
Sinn Féin spokesman for Finance Pearse Doherty was also critical of the new fees.
He said: "The last thing workers and families need in uncertain times are further stealth charges on customers like that announced today by AIB, a State-owned bank."
Banks must play their part in providing relief to those affected.
In a brief statement this evening, the bank said: "In the light of the current Covid-19 outbreak AIB is suspending the planned introduction of the contactless fee."
AIB was the third bank to charge for contactless payments, following Bank of Ireland and Ulster Bank.