Transact Payments Limited (TPL) has teamed up with some of the largest Credit Unions in Ireland under the currentaccount.ie brand to roll out a full-service Current Account for Credit Union members in the country.
The new Current Account, launched on International Credit Union Day on 17 October, is fully approved by the Central Bank of Ireland. It includes a globally accepted Mastercard debit card with contactless payments, which will be issued by TPL. Account holders will also be able to set up standing orders, direct debits and use an overdraft facility. Credit Union members can open an account online or in person at a Credit Union branch.
The Current Account offers simple and transparent pricing, including a low monthly fee of €4, which covers unlimited (euro) point of sale and contactless transactions, unlimited mobile and online banking, unlimited standing orders and direct debits, and up to five ATM withdrawals (euro) per month.
“We’re delighted to partner with currentaccount.ie to bring a simple and transparent debit card service to the Credit Union community in Ireland,” comments Kriya Patel, CEO of Transact Payments.
“TPL is focused on supporting and driving a digital first strategy across Europe and the new Current Account offers a great example of a traditional service enhanced by greater access and flexibility through digital banking.”
The roll-out of the new service commences today and will see 30 Credit Unions, with 115 branches throughout the country, offering this new service over the coming weeks. Further Credit Unions are expected to offer the service in 2020.
Details of the Credit Unions offering the new service, as well as full details of fees and charges for the new Current Account, are available at www.currentaccount.ie.
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