A “super-levy” for online banks has been proposed as a way of revitalising Clare’s towns and villages.
Wicklow Fine Gael Councillor Peter Stapleton is calling for the Irish bank levy, which produces a fixed annual yield of €150 million, to be re-structured so online banks such as Revolut pay a larger share which is then channelled into communities.
Bank of Ireland branches have closed their doors in Kilkee, Miltown Malbay and Tulla in recent years.
Councillor Stapleton believes re-structuring the levy could see more physical branches open in areas such as these.
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