PTSB are changing their fee structure on current accounts.
Charlie Weston has a good article in the Indo on the changes here.
Hence, 60 EUR per year to operate a PTSB current account rather than free, provided you deposit 1,500 EUR per month, as things currently stand.
For most people, this is bad news and the EBS current account offering will probably become the best buy.
For some people, if the rewards more than cover the cost, then it would be worth switching to this product.
Hopefully, more detail to follow.
Charlie Weston has a good article in the Indo on the changes here.
- Current account now costs 4 EUR per month.
- Customers are PAID 10 cent per debit card transaction up to a maximum of 5 EUR per month.
- Cashback with some retailers such as Sky "up to 5%" if direct debit is used. No further details available.
- Unknown if rewards are linked to the Visa Go Rewards scheme or if it is a different scheme.
- Unknown if bank interest will be paid on the account.
- No changes for existing customs. Changes apply to new customers.
- Full details not yet on the PTSB website. Details are a little unclear right now.
Hence, 60 EUR per year to operate a PTSB current account rather than free, provided you deposit 1,500 EUR per month, as things currently stand.
For most people, this is bad news and the EBS current account offering will probably become the best buy.
For some people, if the rewards more than cover the cost, then it would be worth switching to this product.
Hopefully, more detail to follow.
Last edited: