PTSB, FSU, Mandate & Unite agree 2026 pay agreement

PTSB (“the Bank”) and its Group of Unions (FSU, Mandate & Unite) confirm they have reached an agreement on pay negotiations for 2026 following acceptance by members on 03rd December 2025.

The agreement follows progressive negotiations and includes:

• A 4% pay agreement divided evenly between a general increase and performance model which is backdated to 01st January 2026 covering c. 95% of staff.
• Introduction of a new Grade which is linked with professional financial advisor qualifications (APA/QFA) and increases to the once-off, base salary uplifts for APA and QFA qualifications which will increase to €3,000 and €1,000 respectively.
• A commitment for all parties to engage on a variable pay scheme during 2026.

The Bank and Group of Unions welcome the acceptance of this pay agreement by members and acknowledge the extensive work and effort that took place between all parties to reach this agreement.

PTSB Head of People, Karen Hackett, said: “We welcome the acceptance of the 2026 Pay Agreement this week following robust and collaborative engagement between the Bank and its Group of Unions, and we look forward to continuing this into the future.”

Unite Regional Officer, Jean O’Dowd, said: “This new pay deal is welcome news for our members at a time of ongoing cost-of-living pressures, and underlines the importance of strong collective bargaining structures going forward.”

Senior Industrial Relations Officer with the FSU, Billy Barrett, said: “The FSU welcome the results of the pay ballot which will mean a 4% pay increase, for the majority of our members. It is important any pay increases in the retail banking sector are above inflation and take account of the rising cost of living. The agreement also includes a commitment from PTSB to begin negotiations on variable pay. We look forward to intensifying these discussions in the new year.”

Divisional Organiser Mandate Trade Union, John O’Donnell, said: “This is the second year in a row where positive and progressive change to internal policies have been negotiated for our members, while also increasing our members core pay by 4%. Our members acceptance of this proposal shows their support to the work we are doing within PTSB and their support of the Group of Unions model adapted earlier this year.”