The mortgage payment break scheme will not be extended - instead banks will continue offering payment breaks on a case by case basis only.
It follows a meeting involving between a number of government ministers and the CEOs of AIB, Bank of Ireland, Ulster Bank, KBC and PTSB earlier.
The scheme is due to end on Wednesday.
The measure was first introduced in March to ease the pressure on people whose jobs were affected by the pandemic.
Tanaiste Leo Varadkar says the banks must continue to offer payment breaks to customers and businesses that still need them - and that there's no "cliff edge" coming later this week.
An update following meeting with the banks today with @Paschald and @mmcgrathtd pic.twitter.com/XyGXvR5A0S
— Leo Varadkar (@LeoVaradkar) September 28, 2020
