KBC announced its plan to cease operations in Ireland just weeks after Ulster Bank confirmed its own intention to wind down banking here.
It means just three retail banks will remain in the Irish market: AIB, Bank of Ireland and Permanent TSB.
What does this mean for the future of banking, and what role will the likes of An Post, credit unions and apps such as Revolut and N26 play?
Charlie Weston, personal finance editor of the Irish Independent, joined us to discuss this.
