KBC exiting Ireland

Irish Life for example, Trying to set up a monthly direct debit and they need a Irish Iban.

That seems earlier than initially expected (?)

Or was that just wishful thinking on my behalf?

Have my BOI account set up and ready to go.....just need to go thru the pain now of moving a ton of DDs etc

Good question, hopefully we'll find out soon when the mortgage transfer details are announced

Was in with my local CU at the weekend, ready to switch to them. 4 euro a month and always decent service. I am loath to go with a traditional Irish bank, I just don't think they provide good value to customers.

Wanted to go with Revolut but they're just not quite there yet for a full current account, through no fault of theirs, with the IBAN fiasco.

Bit of a shock this, I thought (hoped ) they'd give 6 months , I got an email last week mentioned letters coming out in June, nothing about 90 days and also mentioning subject to approval of the BOI deal 😳

I'm all set up and have opened accounts elsewhere though, just a small few things to complete before closure of KBC.

Aren't BOI just taking over the mortgages though? KBC don't need any say so to stop standard banking?

In theory yes but in my recent experience it's not 100% reliable (when changing from UB to KBC a couple of years ago 😡)

Who are people moving their current accounts to? Based on fees I am between PTSB and BOI. They have same fees roughly (6 euro per month) but PTSB offer a reduction in fees up to 5 euro when you use your card.

Any experiences on what app is better?

I rang a mortgage broker today as I wasnt sure whether to begin moving it now or after mortgage is moved to BOI. I think I am going to start the ball rolling on that now as its a good time to do a review on who is the best mortgage provider. KBC had the most competitive interest rate when I bought the house but its been over 4 years at this point.

Is your mortgage with KBC? Are you leaving it go to BOI?

I'm thinking about EBS, free account as long as you limit yourself to 5 monthly ATM transactions, cashback is free as well, just need to find a decent credit card provider now, one that has Google pay would be handy

Just a mention of an article in last Fridays Irish Times, it was about this whole changing bank account situation, the Journalist went to an EBS branch to try open an account, was basically told next appointment , weeks away. EBS released a statement saying waiting times were not as portrayed , Journalist wasn't advised to try another branch. Just thought I mention this so you can check etc 😉 it would seem some remaining banks slow to open new accounts, staffing issues etc. This might be relevant for anyone doing a face to face account switch .

AIB is €4.50 a quarter. They have fees for transactions but you could transfer money to Revolut or N26 etc. and use that for your day to day spending.

No maintenance or transaction fees if you also have your mortgage with them.

We'll probably move our mortgage and have a joint account with AIB to avoid the fees. My wife and I have Revolut and N26 so we probably won't bother with a b&m bank accounts ourselves.

How can they "pull out of the market" if the sale doesn't get approval? If they don't sell the mortgage book, those mortgages remain theirs, no? Aren't "pulling out" and "selling the book" names for the exact same thing?

Suprised to see no mention of the EBS "MoneyManager" current accounts here, seems to be free and allows joint accounts, any reason not to go with them?

Someone earlier asked about Garmin Pay (which was the main reason I switched from Ulster Bank to KBC previously...that worked out well!) , the Revolut debit card now works on that too.

Nope, I have both and asked both before and the answer was no unfortunately.

You need to call into one of their branches to do it - process outlined here - https://www.ebs.ie/content/dam/ebs/pdfs/daily-banking/ebs-personal-account-switching-pack.pdf

We are lucky enough that there is a branch close to us and are planning on doing it next week .unless someone here pipes up with a good reason not to as there seems to have been little or no mention of EBS on this thread (which is a little concerning perhaps???).

I joined it at the end of December, I'm still waiting.

I do and I called them about it a while back as they were saying in branch to start moving my current account. The mortgage team told me if I close my kbc current account then I will lose the mortgage discount. So it seems that I need to wait for them to move my mortgage and then move my current account after that

But that couldn't be the case. Your current account is going to close before the mortgage transfer. KBC should release a statement on it though.

Their website says from the date of notification they will not charge account fees. It doesn't mention the mortgage rate but I'd imagine that would be included then as well.

So PTSB seems like a nightmare too. Which leaves AIB who clearly don't want current accounts looking at their fee structure.

Then there's BOI and the Credit Union left for joint accounts.

There is a Core Credit Union very close to us here, the features seem decent and hopefully Credit Unions are not going the way of our last three banks - Halifax, UB and soon KBC. Totally fed up of it all now.

If N26 or Revolut did joint accounts we would be with them in a flash as we both already have separate accounts. The premium N26 sub shared accounts seems like a bit of a faff as you have to manually transfer money in there and I don't see how your mortgage etc bills could come out of there via direct debit, don't really see the point of that tbh.

Anyone have a account with Core Credit Union what's the app like/ how easy is it to set up standing orders and transfers?