AIB has scrapped its plans to make 70 branches cashless.
Earlier this week the financial institution announced its branches in Castlerea, Ballinamore, Longford and Ballinasloe would be going completely cashless.
ATMs and cheque services were also to be removed.
The move was strongly opposed by a number of locals and business groups .
At 11:51 this morning, Fine Gael TDs confirmed there would be an emergency meeting of the parliamentary party to discuss the fallout of AIB's decision to remove cash services from 70 branches.
Two minutes later, AIB itself confirmed it would be rowing back on those plans.
In a statement, the bank says it recognises 'the customer and public unease that this has caused'.
There are calls for the Central Bank, the government and the banks themselves to consider the impact of such decisions on vulnerable people in the future.
With AIB going back on this decision, it says it will now operate its 170 branches in their entirety.
A Leitrim Councillor is welcoming the reversal of AIB's decision to remove services from the Ballinamore branch.
Caillian Ellis believes the town was at risk of becoming desolate if the only outdoor ATM was taken away.
The Fianna Fail representative praised the local people for raising their concerns and standing up for rural Ireland.
He's now hopeful services will remain in the long-term.
"The people of Ballinamore deserves credit for what they did and the way they responded to it. I think once they reversed it once, they won’t try it again. There is too much pressure, they are 75% state-owned, and they are in no position to make a decision like that."
