Our Teen MyCash Account gives 12 to 18 year olds the freedom to securely manage your own money. Parents can also have the peace of mind that your young adult is well on their way to learning how to become financially self-sufficient.
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.
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 Teen 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 PTSB at that time and you’ll be subject to the conditions which are relevant at that time to such an account.
If you are in full time second level or third level education at this time, you may be eligible for our Student Current Account. If you are interested, all you need to do is drop into your local PTSB branch with written proof of your course details from an approved institution, as recognised by the Central Applications Office (CAO), to show you are in full time attendance and we can change your account type for you.
If you are in full time second level you can provide a letter signed by your principal on headed paper confirming your attendance.
You will need to do update your account to a Student account before your 18th birthday.
With your payment-enabled mobile device you have the freedom to securely spend without a €50 limit, touch-free.
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. Learn more.
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. Learn more.
Plus get all the account features you'd expect too
There’s just a few documents we’ll need from you to keep things official:
See required documents for more 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 in your local branch.
Read important information about applying.
