KBC exiting Ireland

I've had an N26 account since they opened to the Irish market as well as Revolut.

The Revolut app has on many ocassions become unresponsive for hours at a time, on one ocassion it was a full day and that was highly problematic for me ( on Android, dont know if it was on Apple too) however the N26 one never ever has.

My emergency fund savings are in the N26 app as a result of the above and i've no concerns whatsoever.

On both you can do instant transfers to other N26/Revolut accounts which is handy when one of us is out shopping and funds are low which has happened once or twice.

That said SEPA transfers on Revolut are pretty much instant, however on N26 they take a few hours, YMMV

I’m moving back to Bank Of Ireland after closing my account to move to KBC. I moved to avoid the fees which they introduced as there was a free option but now that KBC are moving to the final stages of exiting I don’t mind going back to BOI and paying the monthly fee. I never had a problem with them before.

I had to open a new account which could be done online through my phone and was very easy. 10 minutes max to send everything through. IBAN issued 24 hours later. Just waiting for debit card and online banking and I’ll be good to go.

I did have a credit card with them but closed that also and opened a Avant account and linked to a curve card. Much better. Cash back monthly etc.

I asked in work & they said they can't pay into revolut as the sage payroll software won't accept it. Going to send my wages to my wife's account for now.

They're most likely using a standalone software they bought some time ago. New version cost money and they most likely don't want to invest (very common in Ireland to avoid investments). Cloud-based solution would be updated as it's paid based on the subscription, not as a once-off purchase as above.

Breaking the law for any business isn't a good look. I bet they can pay suppliers with European IBANs

But if more savvy customers start to avoid them and it hurts the bottom line you will see things change then.

Exactly. Revolut etc aren't so massively advantageous over domestic banks that for something like getting your wages paid, it's worth the hassle. They have things they do 100 times better than boi or aib, but they're not immune to acres of customer complaints themselves.

All of the banks are ****, you just have to choose the one that's least **** about the specific stuff you personally care about.

Equally, If I'm a potential employee turning down a job or whinging because I demand to get my wages paid into an n26 Iban rather than an Irish one and have the company do some pain in the hole upgrade to the whole payroll system, I'm probably the sort of dose that other employees will soon revolt over working with me.

I've no problem paying for banking but BOI and AIB in particular have relatively archaic digital services and some of the highest mortgage interest rates in the EU. They know customers have no other viable choice so they will improve their offerings at a snails pace

Who says they do? They're a non entity in the UK market, same as boi. Banks make money lending to other banks, not from old Mrs. Goggin with her tuppence a week into her current account.

Credit cards are free if you pay it off every month, why do they give out cards for free when they could charge.

Banks have different streams of revenue. I'm with kbc because my mortgage is there. They make a lot off me without me paying for my current account. I also used them for loans.

I'm amazed at how people will accept fees and pay for innefficient services when there are better options. I've been with BOI, AIB & permanent tsb in the past and have had problems with each of them which will make them a last resort, it's not just down to fees.

Credit cards are free because banks take a significant cut before paying out to the merchant.