Anyone remember Tusa Bank?

The post below about when the banks are open over the holidays reminded me of Tusa.

About ten years ago I was working part time in Superquinn and they had an instore bank named Tusa.

It was run in collaboration with TSB Bank and whenever the shop was open, the bank usually was too - including New Years Eve 1999 - which was mentioned in the papers at the time.

They also had much lower rates on mortgages and stuff than the main banks.

But it closed down after about 2 years because of lack of custom.

So, what do people think? Were we just not ready for something so different back then and would it work nowadays?

sitstill said:

So, what do people think? Were we just not ready for something so different back then and would it work nowadays?

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AIB tried something similar about a decade ago and it also failed.

Would it work now? The future in banking is online. There will be a gradual further shift towards online banking over coming years. I can only see this leading to less branches or no branches in some cases.

Also, I cannot see in store banking working on the basis that the costs involved would not justify it.

CiaranT said:

AIB tried something similar about a decade ago and it also failed.

Would it work now? The future in banking is online. There will be a gradual further shift towards online banking over coming years. I can only see this leading to less branches or no branches in some cases.

Also, I cannot see in store banking working on the basis that the costs involved would not justify it.

Click to expand...

I think it would be a perfect fit for a retail chain, one can do most banking functions on the phone or online, the exception is lodgments, so an online bank with link to a retailer would cover most everything.