50 EUR when you switch current account to PTSB

UknowY · 16-02-2016 1:11am #1

Permanent TSB are giving 50 EUR to those that switch to PTSB .

To get your €50 simply switch your Current Account between 15 February and 25 March 2016. Then complete the switch by 29 April 2016.

We’ll credit €50 into your Current Account before 20 May 2016.

*can't send a link as new member

Mezcita · 16-02-2016 1:18am

UknowY wrote: »

Permanent TSB are giving 50 EUR to those that switch to PTSB .

To get your €50 simply switch your Current Account between 15 February and 25 March 2016. Then complete the switch by 29 April 2016.

We’ll credit €50 into your Current Account before 20 May 2016.

*can't send a link as new member

https://www.permanenttsb.ie/whatweoffer/current-accounts/current-account/50-euro-offer-terms-and-conditions/

Lc201395 · 16-02-2016 2:04am

Of course i'd already be a customer grr

ROY RACE · 16-02-2016 6:38am

The charges makes this not worth while

enoughalready · 16-02-2016 6:45am

Free banking charges if you lodge €1,500 a month into your account.

guil · 16-02-2016 7:44am

I switched from Aib to tsb around October to avail of this offer. I think I'll be switching everything back to Aib though because standing orders and direct debits seem to go out whenever they feel like it. The app they have is terrible as well when it does work. With Aib I can see pending transactions but with tsb it just gives a total and the amount of transactions.

gmisk · 16-02-2016 8:17am

guil wrote: »

I switched from Aib to tsb around October to avail of this offer. I think I'll be switching everything back to Aib though because standing orders and direct debits seem to go out whenever they feel like it. The app they have is terrible as well when it does work. With Aib I can see pending transactions but with tsb it just gives a total and the amount of transactions.

I feel opposite switched last month and no issues.
I can see pending transactions, amounts etc on my app...

guil · 16-02-2016 8:33am

gmisk wrote: »

I feel opposite switched last month and no issues.
I can see pending transactions, amounts etc on my app...

You can't see what the pending transactions are though. Just that there is x for €xx

vicwatson · 16-02-2016 8:37am

guil wrote: »

I switched from Aib to tsb around October to avail of this offer. I think I'll be switching everything back to Aib though because standing orders and direct debits seem to go out whenever they feel like it. The app they have is terrible as well when it does work. With Aib I can see pending transactions but with tsb it just gives a total and the amount of transactions.

And how did it go when you spoke to them? I switched about 2 years ago and have saved around €400 in charges that BOI would have charged me. Happy days.

Find them brilliant to deal with ime.

Black_Knight · 16-02-2016 8:45am

guil wrote: »

You can't see what the pending transactions are though. Just that there is x for €xx

Arn't you contradicting yourself there? Lets swap out the x's for real world scenarios.

"You can't see what the pending transactions are though. Just that there is SUPERVALU SWORDS for €45.29". What more do you want?

user1842 · 16-02-2016 9:07am

I think the pending transaction issue is with the mobile app. On the app it just gives you a total for pending transactions and not the individual ones. On the website it details them all.

Also I think they will be updating their app soon. I just completed a survey on what features I would like. If they implement even half of the ones they are thinking of, it will be the best mobile app from any Irish bank.

I switched over 6 months ago. No fees, as I lodge €1500 a month. If you do this it's a free bank account and the only one in Ireland with easy conditions to meet to remain free.

I don't understand why people have problem with it.

With regard to direct debits, PTSB has no influence on when these are debited from your account. The creditor (utility/company) decides this.

guil · 16-02-2016 9:43am

Black_Knight wrote: »

Arn't you contradicting yourself there? Lets swap out the x's for real world scenarios.

"You can't see what the pending transactions are though. Just that there is SUPERVALU SWORDS for €45.29". What more do you want?

Mine doesn't show that. All it says is 4 transactions and total amount say €150. It's impossible to tell if a direct debit was paid or not until a few days later. Sky was due to be paid on the 13th and I can't tell if it was or not.

nkav86 · 16-02-2016 9:53am

guil wrote:

Mine doesn't show that. All it says is 4 transactions and total amount say â‚¬150. It's impossible to tell if a direct debit was paid or not until a few days later. Sky was due to be paid on the 13th and I can't tell if it was or not.

Mine is the same but the desktop site will give you that info or a quick call to open 24, I always find them really helpful. It's probably common knowledge but it's something I wasn't aware of until recently, if you use contactless payments it doesn't show up as pending it just comes out when it clears so it can be a bit of a shock, was for me at first but I monitor it now.

user1842 · 16-02-2016 10:12am

nkav86 wrote: »

If you use contactless payments it doesn't show up as pending it just comes out when it clears so it can be a bit of a shock, was for me at first but I monitor it now.

Yep this is the same for all Irish banks. Contactless payments are off-line payments. The card terminal does not check your balance with your bank when you make the payment, it just automatically authorises the payment. Hence it is impossible to see your balance on your account decrease in real-time. The balance is updated when the card terminal runs it batch programme, either at the end of the day or a few times a day.

It is possible for banks to force Contactless payments on-line. However this would increase the transaction time significantly. I believe the new Number 26 card does this.

Cape Clear · 16-02-2016 10:15am

user1842 wrote: »

I think the pending transaction issue is with the mobile app. On the app it just gives you a total for pending transactions and not the individual ones. On the website it details them all.

Also I think they will be updating their app soon. I just completed a survey on what features I would like. If they implement even half of the ones they are thinking of, it will be the best mobile app from any Irish bank.

I switched over 6 months ago. No fees, as I lodge €1500 a month. If you do this it's a free bank account and the only one in Ireland with easy conditions to meet to remain free.

I don't understand why people have problem with it.

With regard to direct debits, PTSB has no influence on when these are debited from your account. The creditor (utility/company) decides this.

Can this be the payment of wages from an employer?

nkav86 · 16-02-2016 10:17am

user1842 wrote:

card terminal does not check your balance with your bank when you make the payment, it just automatically authorises the payment.

Would this mean it's possible for your account to be overdrawn due to insufficient funds at the time of payment or would it just refuse the transaction at source?

markpb · 16-02-2016 10:18am

user1842 wrote:

I believe the new Number 26 card does this.

The number 26 card?

user1842 · 16-02-2016 10:26am

nkav86 wrote: »

Would this mean it's possible for your account to be overdrawn due to insufficient funds at the time of payment or would it just refuse the transaction at source?

Yes you can overdraw your account with a off-line contactless payment. This is the reason why some banks pick the customer segments they send the cards too. However the card will force PIN entry and an on-line check after contactless transactions are made over €45*. Thus the maximum exposure of the bank would be <=€45.

*I think €45 is the current limit, it was 6 months ago anyway.

user1842 · 16-02-2016 10:27am

markpb wrote: »

The number 26 card?

New German provider offering free currents account to Ireland:

https://number26.eu/ie/

You get a German IBAN rather than a Irish one.

guil · 16-02-2016 10:36am

Cape Clear wrote: »

Can this be the payment of wages from an employer?

Yes. Doesn't matter where it comes from once it's over €1500 per month

gmisk · 16-02-2016 10:56am

guil wrote: »

You can't see what the pending transactions are though. Just that there is x for €xx

I can see who they are for and how much...is that what you mean?

gawker · 16-02-2016 11:34am

Cape Clear wrote: »

Can this be the payment of wages from an employer?

Yepp, that is how most people do this.

Cape Clear · 16-02-2016 11:43am

gawker wrote: »

Yepp, that is how most people do this.

Must have a look over the last 3 months transactions. Myself and the missus have a joint current account with PTSB but are getting charged €12 a quarter in fees. Between lodgements to cover home loan, shopping etc. we must be hitting the €1,500 easily. Is this the only condition for free banking?

Nollog · 16-02-2016 11:45am

guil wrote: »

Yes. Doesn't matter where it comes from once it's over €1500 per month

Can you withdraw it and lodge it ?

Black_Knight · 16-02-2016 12:34pm

/\/ollog wrote: »

Can you withdraw it and lodge it ?

Pretty sure you can. We have a joint account for rent and bills, and we'd both put in 800 a month to cover everything, and that covered the bank fees too. We've moved though, and our rent+bills is less than 1500. Quick chat with the bank and they said it only needs to be lodged into the account, and it doesnt need to stay there. Since then I just transfer 1500 into that account and then transfer back 200-300 back to my account a day or 2 later. I really should just setup a standing order to do all this.

Black_Knight · 16-02-2016 12:36pm

guil wrote: »

Mine doesn't show that. All it says is 4 transactions and total amount say €150. It's impossible to tell if a direct debit was paid or not until a few days later. Sky was due to be paid on the 13th and I can't tell if it was or not.

You're talking about the app. My bad. You're correct, the app doesn't tell you what the pending transactions are, but the website does. I admit, once or twice ive wondered about pending transactions while on my phone, and had to get onto the PC. Slight inconvenience I guess.

robo · 16-02-2016 1:19pm

Defo worth the move - I was paying about €140 a year in fees, switched last October.

okedoke · 16-02-2016 2:23pm

I switched from aib a few months back. No issues, other than their mobile app is much worse than AIB's. With AIB's app you could log in quickly with just your 5 digit code, with PTSB you have to type out your number, password and code. If they brought in a quick log in feature with the app I'd have no complaints. Only other issue was I wanted to switch my credit card from AIB to them also but gave up in the end because they were looking for an insane level of documentation (e.g. statements from old savings accounts that had been closed etc!)

Cape Clear · 16-02-2016 2:44pm

okedoke wrote: »

I switched from aib a few months back. No issues, other than their mobile app is much worse than AIB's. With AIB's app you could log in quickly with just your 5 digit code, with PTSB you have to type out your number, password and code. If they brought in a quick log in feature with the app I'd have no complaints. Only other issue was I wanted to switch my credit card from AIB to them also but gave up in the end because they were looking for an insane level of documentation (e.g. statements from old savings accounts that had been closed etc!)

Have to say I'm kind of uncomfortable about the 5 digit code being the only security needed on the AIB app.

Dodge · 16-02-2016 2:48pm

With PTSB a few years now. Genuinely didn't think other banks still had charges for their current account.

guil · 16-02-2016 3:20pm

Cape Clear wrote: »

Have to say I'm kind of uncomfortable about the 5 digit code being the only security needed on the AIB app.[

guil · 16-02-2016 3:21pm

Cape Clear wrote: »

Have to say I'm kind of uncomfortable about the 5 digit code being the only security needed on the AIB app.

Even if someone knew your code all they could do is grander money between your accounts or any you have saved. You can't make any new payments using the app and you also need a card reader and debit card to do so.

GBX · 16-02-2016 3:22pm

Dodge wrote: »

With PTSB a few years now. Genuinely didn't think other banks still had charges for their current account.

Have a look on here to see the varied charges:
http://compare.consumerhelp.ie/currentaccount

Delta2113 · 17-02-2016 12:24am

Remember Consumerhelp website only cover banks with a base in Rep of Ireland. They don't offer any info on Number26 for an example which is a pity.

PTSB offer an excellent Current Account. Ok the phone app is not the greatest but don't let that put you off.

charlie_says · 17-02-2016 12:36am

Hmm.

Does the switching process actually close the other account?

thewheel2.0 · 17-02-2016 4:29pm

guil wrote: »

I think I'll be switching everything back to Aib though because standing orders and direct debits seem to go out whenever they feel like it.

I think what you may be experiencing is that direct debits go early some times. Like if a direct debit is due Monday it comes out late Friday.

Probably something to do with the bank closing over the weekend and clearing payments early (a direct debit on Monday is sent at 00:00 on Monday but the bank is closed so they do it Friday.)

It's annoying but not a deal breaker. Their pending transactions section is much nicer than BOI where it lumps in pending payments with the rest. The whole online banking system is better than BOI bar the mobile app - and it's free.

bromley52 · 17-02-2016 4:43pm

charlie_says wrote: »

Hmm.

Does the switching process actually close the other account?

Its up to you. You can choose on the form to leave the original a/c open. I would advise this especially if you have a mortgage payment due within 2 weeks. You can always go into the original bank and close it once you are satisfied all transfers have completed successfully. I have switched banks twice and neither went smoothly. I would advise contacting each of your direct debits to inform them of the new a/c details. I am currently with pTSB and very happy with them .

guil · 17-02-2016 5:34pm

thewheel2.0 wrote: »

I think what you may be experiencing is that direct debits go early some times. Like if a direct debit is due Monday it comes out late Friday.

Probably something to do with the bank closing over the weekend and clearing payments early (a direct debit on Monday is sent at 00:00 on Monday but the bank is closed so they do it Friday.)

It's annoying but not a deal breaker. Their pending transactions section is much nicer than BOI where it lumps in pending payments with the rest. The whole online banking system is better than BOI bar the mobile app - and it's free.

I realise that happens if direct debits are due on or after the weekend but the main problem was standing orders. For 2 years I had 2 setup with Aib to come out Thursday, there was never a problem. For whatever reason TSB pay them a day early which was a pita when the money wasn't there to cover them. I wouldn't mind if they told me that while switching but they said nothing.

martinr5232 · 17-02-2016 6:41pm

bromley52 wrote:

Its up to you. You can choose on the form to leave the original a/c open. I would advise this especially if you have a mortgage payment due within 2 weeks. You can always go into the original bank and close it once you are satisfied all transfers have completed successfully. I have switched banks twice and neither went smoothly. I would advise contacting each of your direct debits to inform them of the new a/c details. I am currently with pTSB and very happy with them .

Do you have to go to a ptsb branch to open an account or can it be done online do you know ??

Negative_G · 17-02-2016 9:40pm

martinr5232 wrote: »

Do you have to go to a ptsb branch to open an account or can it be done online do you know ??

You can call them and they will send you a 'switch pack' and assign you a 'switch buddy'.

I've heard differing stories about how well they work. When I was doing it, I just had the two accounts running and transferred most of the stuff myself to ensure nothing was missed.

The app is poor as others have pointed out but the website does all you need.

Honestly don't know why people are persisting with the likes of BOI etc and paying fees.

ThisRegard · 17-02-2016 9:52pm

I've never had the need to use the app, the mobile site is pretty well designed, and quick.

Nervous Wreck · 17-02-2016 10:02pm

nkav86 wrote: »

Mine is the same but the desktop site will give you that info or a quick call to open 24, I always find them really helpful. It's probably common knowledge but it's something I wasn't aware of until recently, if you use contactless payments it doesn't show up as pending it just comes out when it clears so it can be a bit of a shock, was for me at first but I monitor it now.

I think there may have been some sort of upgrade to this cos I did a contactless payment again 6pm today and it's showing as pending now. Did one last week and it didn't show until it cleared a few days later.

Red Silurian · 21-02-2016 5:24pm

martinr5232 wrote: »

Do you have to go to a ptsb branch to open an account or can it be done online do you know ??

Ring them up and they will post everything out to you! Very handy as their branches are only open Monday to Friday during the day and they are scarce enough in rural areas!

micks_address · 02-03-2016 10:14pm

colmtheperson wrote: »

Ring them up and they will post everything out to you! Very handy as their branches are only open Monday to Friday during the day and they are scarce enough in rural areas!

Hi folks,
Do you have to switch accounts or will you get the 50 euro for opening an account?
Cheers,
Mick

okedoke · 03-03-2016 10:47am

micks_address wrote: »

Hi folks,
Do you have to switch accounts or will you get the 50 euro for opening an account?
Cheers,
Mick

I asked them this and you have to go through the switching procedure to get the cash

gmisk · 03-03-2016 11:35am

I switched on the 4th of Feb

50 EUR when you switch current account to PTSB

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