KBC exiting Ireland

The trade off for the experience being a billion time worse is they now have same day (during working hours anyway, and possibly with a cutoff) transfers out to other ROI banks finally. Starting to get a bit like the experience I had using RBS in GB 15 years ago!

Just to clarify - unless it has changed since I left them, the problems with AIB are that:

1) you cannot save non-Irish IBANs in your list of beneficiaries

2) you can not issue SEPA transfers to non-Irish IBANs from the mobile App which would be a pain for most people

3) the UI to issue transfers from the website does work, but it takes much longer to issue the transfer than with any other banks I have used. First you log-into the website using 2FA with your phone, then you setup the transfer details BUT your beneficiary can't be saved in your favourites list for next time (as opposed to Irish IBANs), then you do another layer of 2FA which requires inputing codes back and forth from between the website and their code generation and also requires to have your debit card handy to generate the codes.

4) to be double-checked, but as far as I remember standing orders (as opposed to credit transfers) can only established for Irish IBANs

KBC doesn't treat IBANs differently regardless of being Irish or not and doesn't have any of the above restrictions/complications. i.e. no issue with foreign standing orders and it is literally 10 times faster issue a credit transfer to an non-Irish IBAN as it works on the mobile only with face/fingerprint authentication, can save beneficiaries, and doesn't require all the code confirmation steps which AIB does.

There has been a further update (with bad news for non-performing mortgage loan portfolio

Important update from KBC Bank Ireland - KBC

On the 30th August KBC Bank Ireland announced it will sell substantially all of its non-performing mortgage loan portfolio and a small number of non-mortgage non-performing loans in a transaction financed by funds managed by CarVal Investors. Once this is completed, Pepper Finance Corporation (Ireland) DAC will be managing the loans. Pepper is regulated by the Central Bank of Ireland. Customers will continue to have the same legal and regulatory protections (for example under the Consumer Protection Code (CPC) and the Code of Conduct on Mortgage Arrears (CCMA)) after the sale. For more information on please click here.

More info is here: Important Information - Non performing loans - KBC

Unless you want to move to BOI it might be wise to kick off the move now.

Also having less customers to hand over might impact the € amount that BOI will pay.

Hope so too but I get a sense the deal with BOI almost done. I've set up a new current account elsewhere, will maintain my KBC account as long as possible. I'd hoped (wishful thinking perhaps) they might retain an online presence here given most of their day to day banking online

Hi all

Fixed rate with kbc up in jan. do you think they’ll offer me whatever the fixed rate at that time will be or will they be gone from the market at that stage and have transferred the mortgage over and I’ll roll onto whatever boi has?

thanks in advance

Ring them and ask?

Thanks so much for responding, and to others. Will take on board advice and contact KBC. Thanks again.

Just curious if I'm alone in not receiving recent bank statements from KBC, I normally get it through e statements on the app, last one uploaded was 1st April, was due one on 1st October, nothing yet, just thought I'd check see if anyone else not receiving statements before calling KBC, Thanks

None has been announced and spoke with them last week, the team no wiser either, business as normal seemingly.