It appears that the competition for depositors in the day-to-day banking market is hotting up as Belgian owned KBC Bank look set to introduce a new, low cost current account into Ireland. This is off the back of revelations that Permanent TSB could be scrapping fees for its current account customers. So is this the beginning of an general easing off of the cost of banking for day-to-day consumers? Charlie Weston is the personal finance editor with the Irish Independent.