Treefrog2108
Registered User
- Messages
- 53
Have you read the terms and conditions of your original deposit account? I'd be fairly sure the Bank are operating within the terms of this. They also gave you prior notice of their intention which you chose to ignore.
Have you ever watched American television?Why don't ppl read T&Cs? The americans do?
It is completely outrageous that a bank (PTSB in this case) can have T&C's that lock you into a new 1 year term deposit without your prior consent.
Excuse me - when the account was opened, you have to sign a piece of paper agreeing to the t&c in which it explicitly states what will happen when the a/c matures so it is not done without your prior consent.
It is completely outrageous that a bank (PTSB in this case) can have T&C's that lock you into a new 1 year term deposit without your prior consent.
We don't know that this is the case.
The OP, I suspect, gave his consent when he signed up to the original agreement. If it was anything like the EBS agreement then it wasn't so much small print as an expressly written.
But without seeing the documentation it's not possible to be definitive. If the OP explores a few avenues they may be able to get access to their cash as a goodwill measure.
If the a/c is with PTSB you have a 14 day cooling off period
I don't think the bank here is being underhanded here. How are they to know what you what you want to do with the money unless you tell them.
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