Two men wearing "old man masks" made off with money after the robbery of a cash-in-transit van in Greysteel, a court heard yesterday.
Alan Carroll (37), of Island Key, and Darren Redmond (24), of Caledon Road - both in the East Wall area of Dublin - appeared at Ballymena Magistrates Court.
They are both charged with robbing a security firm of money and possessing a firearm with intent to commit robbery in the village on Saturday.
Carroll is also accused of using a mobile phone while driving and using a RAV4 vehicle without insurance or MOT on the Foyle Bridge.
And Redmond is accused of possessing cannabis.
A PSNI officer said police received a report from G4S around noon on Saturday that one of its security vans had been robbed at gunpoint.
Two security guards had been held up by two men with southern accents wearing "old man masks" and "brandishing a silver handgun".
The officer said the two security guards were refilling an ATM and one was pushed inside and a gun was held to the head of the other guard.
An attempt was made to take money from the ATM. When told it was on a timer, one of the raiders then demanded that a guard opened a security box.
Money was placed in a black holdall and the robbers ran off.
The officer said police identified a RAV4 Jeep-type vehicle.
It was stopped on the Foyle Bridge with Carroll at the wheel.
The court heard Carroll claimed to have bought the vehicle a few days earlier in England.
The officer said neither men gave any explanation as to why they were in Northern Ireland.
The officer said Carroll had 180 convictions and is currently on bail accused of murder relating to November 6, 2016. The court heard he had been acquitted of murder in 2009.
The officer said Redmond had one previous conviction in the Republic for the possession of knives in 2013.
Defence lawyers said no items in relation to the robbery were found on the defendants and there was nothing placing the alleged robbers getting into the vehicle both accused were in.
One of the lawyers said there was a dispute as to the colour of a vehicle allegedly seen in the area.
District Judge Nigel Broderick said it was clear it was a "circumstantial case" but added there were a number of sightings of a vehicle close to and after the robbery and there were questions to be asked in terms of the movements of the defendants.
Redmond did not make a bail application but Carroll did and it was objected to by police.
Judge Broderick refused bail.