PTSB:
No charges if you qualify!
"If you qualify for a Switch Current Account you can forget lodging fees, forget quarterly fees, forget direct debit and standing order fees and more."
It varies per bank...
There's nothing on the PTSB site about 'how' you qualify and on opening a second account there last week, I was told the same thing, free banking *if* I qualify for it. The woman opening the account wasn't able to tell me until it was opened whether or not I qualify. So in essence you could open what you might think was a no-charge account only to be told "sorry, you didn't qualify".
Since I qualified (for whatever reason), I didn't press the issue and ask her on what grounds, but be wary.
A request under the data protection act should reveal why you did not qualify.
Ask them for a copy of all information they hold on file about you. Say the request is being made under S4 of the Data Protection Act 1988. Enclose the fee of €6.35.How would I request that?
If the letter/booklet is anything like the one Ulsterbank send out it should be a hoot.Will be very interested to see what this apparent letter or booklet they are sending out will tell me.
Ask them for a copy of all information they hold on file about you. Say the request is being made under S4 of the Data Protection Act 1988. Enclose the fee of €6.35.
If the letter/booklet is anything like the one Ulsterbank send out it should be a hoot.
No credit interestin UB though
Thanks for that.
I'm thinking of changing to Ulsterbank if PTSB don't have a satisfactory answer. They don't seem to have a similar system for qualifying for fee free anyway.
I would not. In my experience, Ulster bank don't follow their own terms and conditions (or know them), give 'incorrect' information on the phone and don't reply to written complaints.
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