The Irish Bank Officials' Association is to recommend that members reject the new national wage agreement, Towards 2016, when it begins balloting members later this week.
General Secretary Larry Broderick said the executive committee believes the proposals fall far short of what members expect in light of the record profitability of Irish Banks.
He said Irish banks are reporting unprecedented levels of profit and the IBOA believes the lack of local bargaining penalises employees in the private sector where productivity and profits are increasing.
The deal, which was finalised after months of negotiations, includes a 10% pay rise over 27 months.
