I guess the Switch Current account was the one they advertised years ago saying 'free for life' or words to that effect.
so I rang PTSB about this and they checked my account and said that they aren't going to be charging fees on this one. He did say it was a loyalty current account as well. This is all very confusing.
Correct. The PTSB Switch Current Account product was advertised as free banking for life and PTSB continue to honour that pledge.
I have the account called "permanenttsb Current". Which allowed a waiver of the quarterly fee of 12, providing you lodged at least 1500 per month. I rang them and they confirmed that the fee waiver for lodging 1500 will continue. So, in future I will be charged 18 instead of 12 if I fail to lodge 1500. But if I do lodge 1500 or more it will continue to be free.
Hi,
There is probably a bit of a debate to be had as to whether or not, having a current account with a "full service" Irish clearing bank, is the same as having a current account with an online internet bank.
IMHO, there are a couple of potential fringe benefits to having a current account with a "full service" Irish clearing bank, but then I quickly find myself asking whether those fringe benefits are better at some of the other banks, than they are at the PTSB (and concluding that my answer is Yes).
So, in conclusion, if PTSB start charging me for their quite primitive banking services, then I'll be leaving them very quickly. They've never been much more than a glorified building society, and I don't see them changing anytime soon, so they need to keep in touch with reality when it comes to what they do and what they are entitled to expect payment for.
If they insist on charging me these fees I will simply close this account
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