To ensure we can keep working towards new and better ways to bank, as well as continuing to improve the services we provide to our customers, we are increasing Maintenance fees on some of our current accounts to €18 per quarter and removing all day to day transaction fees.
If you are affected by this we will either have recently written to you, or will be writing to you in the coming weeks, to advise you of the change to your account’s fees and what options are available to you. Below is more information on this change. If you have a question that we haven’t answered below, please contact us on 0818 50 24 24 or 01 212 4076
From time to time we review our accounts and amend our Terms & Conditions as applicable. This change allows us to cover the cost to providing the services available on the accounts as well as allowing us to continue to improve the services that we provide to you.
We remain competitive with the new charging structure as we will not charge individual automated or non-automated transaction charges meaning that you know what you will only pay a maintenance fee for your day-to-day banking. Some other fees may be applicable for example, if you choose to use your Visa debit card outside the Eurozone.
From time to time we review our accounts and amend our Terms & Conditions as applicable. While some accounts have not had certain fees charged on them for a period of time, the cost to serve them is the same as on all of our current accounts. This change allows us to cover this cost of providing the services available on them as well as allowing us to continue to improve the services that we provide to you.
No, we are removing automated and non-automated transaction fees so you will only pay the maintenance fee each quarter.
Some other fees may be applicable for example, if you choose to use your Visa debit card outside the Eurozone.
Maintenance Fee is the flat monthly / quarterly fee on your current account to cover the cost of providing the service available with your account. These accounts all apply a quarterly maintenance fee, meaning that we charge it every 3 months.
Transaction Charges are split into two types:
Automated transactions - ATM withdrawal, Debit Card Transaction, Standing order/Bill payment debits, Direct debits, Direct credits, Telephone and internet banking transactions, Euro ATM withdrawals within the EU Debit Card Transactions within the Eurozone.
Non-automated transactions - Counter lodgements & withdrawals, Cheque/paper debits, Credit transfers incoming (paper items)
It depends on the account that you have – please see the table below:
Current Account TypeCharging QuartersNew Fee Charging Quarter*
25 September 2017
25 November 2017
25 October 2017
01 October 2017
*Fees are debited 21 days after the issue date on your quarterly statement
If you close your account after the charging period noted above has commenced the maintenance fee will apply at closure as you have entered a new charging quarter.
Some of the accounts enable you to get a discount on your maintenance fee or avoid paying it for a period of time if you lodge your salary to the account. In order to set this up you will need to
All other waivers that may be applicable to your account are applied automatically.
If you accept the new fee structure to your account no further action will be required – there will be no change to your account details & it will operate as normal.
If you would like to convert your existing account to the Explore account you can do so by making an appointment at any permanent tsb branch with a form of acceptable photo & address identification. A list of acceptable documents can be found here.
If you decide to change to the Explore Account, there will be no change to your account details i.e. (any payments set up, your account number or Visa Debit Card details will remain the same).
We would hope that you choose to continue to bank with us but if you would like to close your account with us you can do so by making an appointment at any permanent tsb branch with a form of acceptable photo ID. You can make an appointment at your local branch by calling 0818 50 24 24 or 01 212 4076
You will need to contact your new bank of choice who will start the switch process from their side and initiate contact with us. As required under the Central Bank of Ireland’s Code of Conduct on the Switching of Payment Accounts with Payment Service Providers, once we receive the Account Transfer Form from your new bank, we will switch your account to your new bank within 7 working days of the switching date (that has been agreed between you and the new bank).
Please note that independent information regarding current accounts that are available from all payment providers can be obtained from the Competition and Consumer Protection Commission Authority – www.ccpc.ie or by calling 01 402 5555.
If you are aged 60 or over before the 13th of January 2018, the new maintenance fee will not apply. Effective from 13th January 2018 the age limit to be eligible to receive current account fee exemptions (including exemption from the new maintenance fee) will be increased from age 60 to age 66.
Please see our Fee booklet for a full list of charge exemptions that you may be eligible for. If you are not already availing of this exemption and wish to, please notify your local branch or Open24.
If you wish to make a complaint you can do so in the following ways:
Please provide your phone number so we can discuss your complaint with you
If you contact us in person or by phone, we will offer you the option of having your verbal complaint treated as a written complaint, please let us know.
For full details on our complaints process please see the complaints charter on our website.
GoREWARDS is a new way of giving you cashback on a wide range of your favourite high street and online brands, in partnership with Visa. As long as you have a valid Visa Debit Card and an active email address you can register directly on the GoREWARDS website to start benefiting.
There is a CCR insert included in with this letter; this insert contains information on the new reporting required for customers with loans of €500 or more. Find out more.
If you are affected by this maintenance fee increase we will either have recently written to you, or will be writing to you in the coming weeks.
It may be the case that this account has not been in use in recent times. If you are unsure about the details of your account and have some questions on your account please contact 0818 502 424 or 01 212 4101
If you would like to discuss the details of this letter specifically, please contact 0818 50 24 24 or 01 212 4076. Alternatively, you can drop into your local branch where they can provide you with further details.
