PTSB policy on TRS relief

B

bond-007

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Quick question, what is PTSBs policy on TRS relief? Do they credit this to the current account paying the mortgage or do they reduce your monthly payments by the amount of TRS?

Thanks
 
That's interesting. I thought it had to be shown as two (albeit simultaneous) transactions.
 
The reason I asked was that when I was with IIB they paid the TRS directly in to my current account on the first of each month.

Strange they have different systems.
 
Possibly on the mortgage statement it is shown as two transactions, I can't remember, but it is definitely only one transaction from the debiting account.
 
My PTSB statement shows "repayment due" as one transaction and "Interest net of TRS" as another on the same day.
 
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