Got a question about mortgages? Take a look at our FAQ below or give us a call on 0818 50 24 24 for more info. Please note; 2% Offer available to qualifying applicants who receive their full mortgage Letter of Approval from PTSB on or before 31 March 2025
Yes. You need to have a PTSB Explore Account to get the 2% cashback monthly offer and your PTSB mortgage must be paid from this account. Payments from current accounts other than an Explore Account are ineligible for the offer.
If you already have a different type of current account with us you can either open up a new Explore Account in addition to that account, or switch your existing account to an Explore Account.
A €8 monthly fee for maintaining the account applies. However, there are no day-to-day transaction fees. There may be other charges for things like Government Stamp Duty on your debit card, unpaid items, or if you use an ATM outside the Eurozone. See our Personal & Business Banking Charges booklet for more details.
To get our cashback monthly offer you’ll need to open or switch to an Explore Account and have your monthly mortgage repayment paid from this account. Your 2% cashback will then be credited directly into your Explore Account, or another permitted PTSB account of your choice, at the start of the month following your mortgage repayment.
Cashback will be paid directly into your Explore Account, or other permitted PTSB account of your choice, at the start of each month. You can easily keep track of your cashback total on Open24.ie.
Once you receive your full mortgage Letter of Approval from PTSB on or before 31 March 2025, your mortgage qualifies for the cashback monthly offer.
You can open or switch to an Explore Account when you apply for your mortgage, after approval, or after you draw down your mortgage. However the 2% cashback monthly will only start being paid after you’ve opened or switched to an Explore Account and no cashback will be paid retrospectively.
Your mortgage advisor will assist you with opening or switching to an Explore Account. See here for more information on the Explore Account.
At the moment the offer is only available to new customers.
The offer is available to customers who receive their full mortgage Letter of Approval from PTSB on or before 31 March 2025.
The cashback will be paid each month until 31 December 2030. If you finish paying off your mortgage before 31 December 2030 the cashback offer will cease. If you close your Explore Account, or start paying your mortgage from another account, the 2% cashback will also cease.
Lump sum payments do not qualify for the 2% cashback monthly offer. Other flexible payment options e.g. over payments or under payments do qualify but must be agreed by both parties in advance to be eligible for the offer. See our Flexible Mortgage Repayment Options Brochure for more information.
Only regular scheduled mortgage payments made by either Direct Debit from a PTSB Explore Account will qualify.
Please refer to your full Mortgage Letter of Approval from PTSB for more information.
The 2% is calculated on your monthly mortgage repayment amount, inclusive of capital and interest. So if your monthly mortgage repayment is €1,000, you’ll receive €20 cashback a month. If your monthly mortgage repayment is €2,000, you’ll receive €40 a month etc.
If insurance is included as part of your monthly mortgage payment i.e. you have a block insurance policy, you won’t receive cashback on this portion of your payment.
There’s no limit to the 2% cashback monthly offer. PTSB will pay 2% of your entire monthly mortgage repayment (capital and interest) once you meet the terms and conditions of the offer, such as paying your mortgage by Direct Debit from an Explore Account.
If insurance is included as part of your monthly mortgage payment i.e. you have a block insurance policy, you won’t receive cashback on this portion of your payment.
Cashback will be paid directly into your Explore Account, or other permitted account of your choice, at the start of each month. Whether you choose to spend it straight away or let it build up over the course of a year or longer it’s up to you.
If you miss a regular mortgage repayment then no cashback will be paid for that month.
Where the payment date is changed it’s only the successful payment that gets the 2% cashback. If there is no payment in a given month no cashback will apply. If there are 2 successful payments in a given month then both amounts will qualify and will be paid as one cashback amount.
For block payments i.e. where you pay your mortgage, insurance and life assurance as one payment, only the mortgage portion of your payment qualifies for cashback.
Your 2% monthly cashback will cease.
