PTSB ditches fees on account

In a novel move for a bank in the Irish market, Permanent TSB (PTSB) has dropped quarterly and transaction fees on its latest current account product.

The new package removes quarterly fees and charges for day-to-day transactions for customers who lodge €1,500 a month to their current account.

Niall O’Grady, head of transactional banking at PTSB, said that it was part of a push by the bank to simplify banking.