Good to see that inertia has not stopped 30,000 dropping fee paying current accounts, that have become widespread, and moving to the PTSB product.
30,000 have switched in one quarter between 1 April 2013 and 30 June 2013 to PTSB. If the run rate is maintain, 100,000+ will switch in a year.
http://www.independent.ie/business/...ther-massive-loss-in-first-half-29536806.html
PTSB offer free day-to-day banking if you deposit at least 1,500 EUR each month with no minimum balance requirement.
And I wonder what is their target before start charging fees??? Banks can not make a profit, if they give away their products - it is as simple as that! Some where a long the line you have to pay the piper and it is a good idea that this is transparent rather than being clawed back by hidden means. It looks like even the Brits are starting to wake up to that - Momentum gathers to end free banking.
hi, i am thinking of making the switch from AIB to PTSB for my current acc.
So if there are no charges for the current acc, how are they making money from current acc holders? What charges are there?
My son recently opened a PTSB account both current and deposit (forced to by den danske) opening in branch was a breeze they were very helpful,but setting up eb was a nightmare and only yesterday after almost 2 weeks was he able to sign in.Found the customer service ok but useless in locating the issue plus they didn't phone him back when they said they would.We found we could log in after we thought we'd try again!
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