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Teen MyCash Account

Our Teen MyCash Account is the perfect place for your pocket money

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Earn more with your pocket money

If you’re under 18, our Teen MyCash account is a great place for your pocket money. 

No senseless fees

With the Teen MyCash Account you won’t pay any senseless bank charges.

  • No day-to-day transaction charges such as direct debit fees, fees for cash lodgements and withdrawals, or fees for using your debit card to make purchases in euro.  
  • No quarterly fee for maintaining the account.
  • Earn 0.50% AER variable interest on balances up to €20,000. A lower rate of interest applies to the entire balance if your balance is €20,000 or over. 

Other transaction charges may apply. These charges include:

  • ATM usage outside the Eurozone.
  • Using a debit card for purchases in a foreign currency or Debit card usage outside the Eurozone.

Referral item fees or unpaid item fees. A referral item fee of €5 per item (up to a maximum of €15 a day) will be charged if a standing order, direct debit or cheque is presented for payment and is paid, but there isn’t enough money in your account to meet the debit at the time. An unpaid item fee of €10 will be applied to your Teen Mycash Account for all unpaid direct debits, standing orders or cheques.

Please see our full Terms and conditions and the Personal and Business Banking Charges booklet for more details. 

The MyCash Account is a variable rate account and the interest rate may change from time to time. AER stands for Annual Equivalent Rate. When calculating AER, it is assumed that the customer holds the account for a year and interest rate remains constant.

On your 18th birthday your MyCash Account will transfer to a personal current account available from the Bank at that time and you’ll be subject to the conditions which are relevant at that time to such an account.

Pay safely for everything with Mobile Payments

With your payment-enabled mobile device you have the freedom to securely spend without a €50 limit, touch-free.

Apple Pay

Use your Apple device to pay with your Visa Debit Card wherever you see the Apple Pay or contactless logo in store, online or in-app. Find out more.

Google Pay™

Use your android device to pay with your Visa Debit Card wherever you see the Google Pay or contactless logo in store, online or in-app. Find out more.

Plus get all the regular banky stuff you'd expect too:

What do I need?

There’s just a few documents we’ll need from you to keep things official:

  • ID verification, like your passport or driver’s licence (with photo)
  • Address verification like a letter from your school on headed paper or branded with the school stamp and signed by the school Principal/Vice Principal/Teacher/School Secretary confirming your identity, nationality, home address and that you are a student in the school (must be dated within six months of application)
  • Proof of PPSN / Tax Reference Number (why do we need this?
  • If you’re under 16 you’ll need consent from a parent or guardian to open a MyCash Account and be issued with a Contactless Visa Debit Card.

See our required documents page for details.

Please note: Any documents provided must be in your own name. If you are unable to provide any of the above documents, please contact a member of staff.

Read important information about applying.

Emergency cash

Lost your ATM card? With Emergency Cash, you can withdraw €20, €50 or €100 from any PTSB ATM to keep you going.

Ways to pay with your mobile

You have the freedom to securely spend without a €50 limit, touch-free.

Online Banking

All of your transactions are a click away with Open24 Online Banking.

Find a branch

Find opening hours and locations of branches near you with our handy interactive map.

Savings Accounts

If you want to save regularly, then we have a savings account for you. Learn more about your saving options.

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