I have a fees free PTSB Switch account and have been with the for decades and haven't received any communication from them about any changes.
Maybe it's on the way?
People never cease to amaze me. Free banking for 30 years and €72 a year is seen as an affront.I have the legacy account since 1993 that has the 2500 balance clause to avoid the charge. If it changes to fee based, I will take my business elsewhere. I may do that anyway as I don't trust them.
Take your business elsewhere? Surely there's no institution left with free banking only maybe Revolut ?I have the legacy account since 1993 that has the 2500 balance clause to avoid the charge. If it changes to fee based, I will take my business elsewhere. I may do that anyway as I don't trust them.
Previously I had tracker mortgages with them that were advertised and sold as interest only for the term of the mortgage. PTSB disowned that and attempted to switch them to capital and interest.
It is not even €72 as every transaction using a debit card earns 10c back. Most months, I end up paying €1.50 or so in fees or c. €20 per year!People never cease to amaze me. Free banking for 30 years and €72 a year is seen as an affront.
EBS for one.Take your business elsewhere? Surely there's no institution left with free banking only maybe Revolut ?
You mean they don't facilitate buying crypto or something?EBS?? If you want to bank like it is 1987 then fine. Otherwise I would go somewhere that has realised we are in the 21st century...
People never cease to amaze me. Free banking for 30 years and €72 a year is seen as an affront.
No. Their free account Money Manager doesn't have basic stuff like an online app, Apple Pay or Google Pay or any acknowledgment that banking is predominantly carried out electronically. The days of going into the branch with a passbook are long gone.You mean they don't facilitate buying crypto or something?
Many and possibly most people only need basic banking features.
I'll be fascinated to learn which financial institution in Ireland you are going to plump for that values customer loyalty!!What is to be amazed at? I had free banking because it was offered free by them all this time. Thats simply offer and acceptance. I don't have to stay with them if the offer changes, and I see no reason to do so as they don't value customer loyalty.
Comment on loyalty just for PTSB. Why should I stay with them. Current account is just a commodity.I'll be fascinated to learn which financial institution in Ireland you are going to plump for that values customer loyalty!!
SWITCH CURRENT ACCOUNT
• No quarterly fee for maintaining the Accout
• No overdraft set up or renewal fees
• No fee for standing order and direct debit set ups
• No statement fee (excluding duplicates)
What is to be amazed at? I had free banking because it was offered free by them all this time. Thats simply offer and acceptance. I don't have to stay with them if the offer changes, and I see no reason to do so as they don't value customer loyalty.
You seem fixated on the word free. They marketed it as free, including the past few years only if you kept a min of €2500 a month in your account. I qualified for free banking, which they offeredDon't value customer loyalty? They gave you free banking for 30 years! What other bank do you think will reward your "loyalty" with perpetual free banking?
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