Allied Irish Banks plc (AIB) no longer sell travellers’ cheques. The product was discontinued on January 1, 2007. The bank will continue to purchase existing travellers’ cheques from customers after this date.
According to the bank maintains there has been a 95 percent drop in demand for the cheques between 1998 and 2005, as customers have switched from paper to plastic. Additionally the main provider of travellers’ cheques to the Bank is winding down the cheque element of its business.
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