Permanent tsb launch account that will pay customers to shop

Permanent tsb launch account that will pay customers to shop

Permanent tsb has launched a new current account that pays customers for using their debit card.

The bank has been developing the Explore account for 18 months and will pay customers 10c by the bank each time they use their debit card, up to a maximum of €5 a month.

The account also offers up to 5% cash back on bills paid via direct debit to partner companies, such as Sky, SSE Airtricity and Topaz.

Customers will get the cash back payments at the start of each month from the partner firms up to 5% of the value of the relevant bill paid.

While customers will be charged a monthly management fee of €4, existing Permanent TSB current account holders will also get fee-free banking.

Lorraine Peters, Head of Current Accounts with the bank, said: "We’ve created a compelling proposition which is closer to the philosophy of customer focused retailing than that of old-fashioned banking.

"We believe this will appeal especially to young adults in their 20s and 30s who have a totally different expectation of service providers and it signals our intent to compete strongly in this market."

[timgca=Lorraine Peters, head of current accounts at Permanent tsb, at the launch of its Explore Account. Pic: Gareth Chaney Collins]PermanentTSBLaunchExploreAccount_large.jpg[/timgcap]

More in this Section

Oliver Mangan: Countdown to November’s US election could pose currency riskOliver Mangan: Countdown to November’s US election could pose currency risk

US company Cargill injects new blood into 'fake meat' food marketUS company Cargill injects new blood into 'fake meat' food market

Housing can lay foundations for growth and is key to retaining staffHousing can lay foundations for growth and is key to retaining staff

Markets down across Europe as coronavirus fears gripMarkets down across Europe as coronavirus fears grip


Lifestyle

After separating from my husband of 15 years I was worried about how to meet someone new. In fact, on the dating apps I signed up to, I’ve had an overwhelming number of replies — but only from sexually enthusiastic younger men.Sex File: Dating a younger man is socially acceptable

Their paths first crossed in the classroom 13 years ago for childhood sweethearts Emma Murphy and Kevin Leahy.Wedding of the Week: Lessons in love started in the classroom for childhood sweethearts

“This podcast features something never previously heard — anywhere, from anyone — the confession tape of an Irish serial killer.'Podcast Corner: Chilling story of an Irish serial killer

Children’s creativity is inspiring, says Helen O’Callaghan.Inspiring creativity: Kids on call for climate essay

More From The Irish Examiner