Important Customer Notice - Consumer Finance - Updated 24th May 2022

KBC Bank Ireland would like to draw your attention to some important information

You may have seen the news about a recent announcement by KBC Bank Ireland in the media – click here for the announcement.

New Customers

Personal Loans
We are accepting new applications for Personal Loans.
You should be aware that if you decide to apply for a Personal Loan, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your account will be transferred to Bank of Ireland.

Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes.  

Personal Credit Card
We are accepting new applications for Personal Credit Cards.
You should be aware that if you decide to apply for a Personal Credit Card, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your account will be transferred to Bank of Ireland.

Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes. 

Overdraft
KBC has paused the acceptance of new applications for Personal Overdrafts including applications from existing KBC customers.

Existing Customers

Personal Loans

While no immediate impact is foreseen for your Personal Loan, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your Personal Loan may be transferred to Bank of Ireland. If your Personal Loan is in arrears please click here for more information.

Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes.  

When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.


Personal Credit Card

While no immediate impact is foreseen for your Personal Credit Card, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your credit card may be transferred to Bank of Ireland.  If your credit card is in arrears please click here for more information.

Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes.  

When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.



Overdraft
While no immediate impact is foreseen for your Overdraft, should a Binding Agreement with Bank Of Ireland receive ministerial approval, it will be cancelled at some point in the future.

When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.

We've put together some frequently asked questions for you:

Personal Loan FAQs

  • While no immediate impact is foreseen for your Personal Loan, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your Personal Loan may be transferred to Bank of Ireland. If your Personal Loan is in arrears please click here.

    Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes.  

    When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.

  • You will keep your current fixed rate whether the Personal Loan remains with KBC or whether the Personal Loan is transferred by KBC to Bank of Ireland. 
  • Should you wish to switch your personal loan, you can do so by engaging with your lender of choice.
     
    For further information please contact us on 1800 93 92 44

    You can visit the Competition and Consumer Protection Commission's website for more information (Personal loans - CCPC).  

  • There is no immediate impact on your KBC discount as a result of this announcement. Should a Binding Agreement with Bank of Ireland receive ministerial approval, your KBC Personal Loan will transfer to Bank of Ireland at a future date.

    If your Personal Loan transfers to Bank of Ireland, your Personal Loan discount will continue to be honoured for as long as your Personal Loans remains with Bank of Ireland. You will not be required to open a Bank of Ireland Current Account to avail of the discount. 

    From the 1st of June 2022, if do you close your KBC Current Account, your Personal Loan Discount will be honoured by KBC Bank Ireland and by Bank of Ireland once your Personal Loan transfers. In the meantime, you should continue to adhere to the KBC conditions associated with the discount. You will be notified well in advance of any actual steps or changes that may be taken in respect of your Personal Loan.

    For more information on your Current Account click here Important Information - Current Accounts - KBC

Credit Card FAQs

  • While no immediate impact is foreseen for your Personal Credit Card, should a Binding Agreement with Bank Of Ireland receive ministerial approval, your Credit Card may be transferred to Bank of Ireland.  If your credit card is in arrears please click here.

    Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes. 
     
    When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.

  • There is no impact on your Credit Card as a result of the announcement. If your Credit Card is due to expire you will receive a new card. We are committed to keeping customers updated if circumstances change.
  • There is no immediate impact on your Credit Card rewards as a result of the announcement.

    Should your account be transferred, Bank of Ireland may update your terms and conditions. Any changes to your terms and conditions must be made in line with all regulatory and contractual obligations, including providing you with sufficient notice of these changes.