At the moment, customers can avoid monthly fees of €4 if they deposit €3,000 every month, or if they keep a €3,000 balance at all times.
But from September, the monthly fee will only be waived if current account customers keep a credit balance of at least €3,000 in the account at all times.
reckon pstb will follow eventually
should be mass exodus out of Ulster which is probably what they want
This is very annoying. I moved all of my operations and direct debits to an Ulster Bank account recently.
It is catch 22 for PTSB.
PTSB are soaring their retail base. PTSB have over 60,000 additional current account customers inside the first 9 months of their account offering. Probably, a lot more now. It has been a huge success with growing their retail base and apparently hugely helped with cross selling. It is corner stone of their offering.
On the other hand, it is probably a loss leader.
PTSB probably see their current account offering as medium term proposition.
Ulster Bank will loose some more customers to PTSB but it won't be a mass exodus. Your average consumer is not fully informed.
You should check out PTSB and if it suits move. I moved from BOI Current A/c to PTSB and I am so happy that I made the move.
Anyone know if anyone on welfare payments are being exempted from this, as friend has received no notification on his account about the pending changes like some others have. http://www.askaboutmoney.com/showthread.php?t=188624
or email contact.
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