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Cork Taxi Driver William Wyse Defies Banking Norms with Cash-Only Policy - News Directory 3

Cork Taxi Driver William Wyse Defies Banking Norms with Cash-Only Policy

November 29, 2024 Catherine Williams Business
News Context
At a glance
  • William 'Willie' Wyse is a taxi driver from Cork with over 40 years of experience.
  • Wyse closed his bank account after the 2010 economic crash, losing faith in financial institutions.
  • Judge Dorgan urged him to consider opening a bank account to address his situation.
Original source: independent.ie

Cork Driver William ‘Willie’ Wyse: A Cash-Only Policy

William ‘Willie’ Wyse is a taxi driver from Cork with over 40 years of experience. He recently appeared in Cork District Court to appeal the revocation of his PSV licence. Mr. Wyse operates his taxi with a strict “cash only” policy. He does not have a bank account and prominently displays “cash only” signs in his vehicle.

Mr. Wyse closed his bank account after the 2010 economic crash, losing faith in financial institutions. Because of his cash-only approach, he cannot accept card payments from customers. During a court hearing, he told Judge Mary Dorgan that if he were to win the lottery, the money would go into his wife’s bank account, as he still does not trust banks.

Judge Dorgan urged him to consider opening a bank account to address his situation. Mr. Wyse later returned to court, acknowledging the need to comply with taxi regulations and set up a card payment system. Despite his dislike for banks, he found a solution by using the Sum-Up card reader, which many taxi drivers use.

Mr. Wyse admitted to receiving several fines for not accepting card payments, but the judge previously imposed a modest €150 fine for one violation. He expressed that he understands the law requires him to adapt.

In a lighthearted exchange with Judge Dorgan, he reiterated

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