Important Information about your Current Account

If you fail to lodge €2,000 to your Extra Current Account in any given month you will be liable for all fees and charges applicable to a standard KBC Current Account as set out in our Fees and Charges Booklet for the whole of the quarter in which that month fell.
 
In addition, if you fail to lodge the monthly amount of €2,000 to your Extra Current Account on more than one occasion you could lose the benefits of any optional extras which you have availed of in conjunction with your Extra Current Account. 

If you recommence making the monthly lodgement, you will be eligible for the benefits from the beginning of the next quarter.

You may however not be entitled to the reinstatement of any optional extras (including without limitation any bonus interest rates applicable to an Extra Deposit Accounts) which you have availed of in conjunction with your Extra Current Account.

Should you re-commence lodging the €2,000, you will be eligible once more for the benefits of the Extra Current Account outlined above. You may however not be entitled to the reinstatement of any optional extras which you have availed of in conjunction with your Extra Current Account, namely bonus rates on your Extra Regular Saver and Extra 12 Month Fixed Term Account.  

Account Transaction & Fees for maintaining the account are calculated on a quarterly basis and debited from your account in respect of the previous 3 month period. Quarterly charging periods are scheduled as follows (dates are inclusive);

• Quarter 1: 1st January - 31st March

• Quarter 2: 1st April - 30th June

• Quarter 3: 1st July - 30th September

• Quarter 4: 1st October - 31st December

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Details of any transaction fees & charges to your account will be confirmed to you in a Fee Advice Letter approximately 10 business days before they are deducted from your account.

See a full list of our Fees & Charges (pdf, 71 KB).

Extra Savings Accounts

The Extra Savings Account can be opened in sole or joint names. 
The name(s) on these accounts must match the names on the Extra Current Account. If you don’t make the monthly lodgement of €2,000 or if you close your account, you will lose any benefits associated with these accounts. These accounts will become the standard version of the accounts and the applicable interest rate will apply (This is the rate at the time of investment in the case of the Extra 12 month Fixed Term Account).

Extra 12 month Fixed Term Account
There is no maximum balance on the account, however, if the account balance exceeds €100,000 (including interest credited to the account), the interest rate will revert to the then prevailing Standard Demand Deposit Account rate on the entire balance.

When the Extra 12 month Fixed Term Account matures, the full balance will be reinvested in a similar product unless we receive alternative instruction from you. If you choose not to reinvest, the funds will only be paid into your Extra Current Account. AER is the Annual Equivalent Rate. Interest is subject to Deposit Interest Retention Tax (where applicable).

For more information, please refer to the Personal Banking Terms and Conditions and Personal Deposit Rate Matrix.

To apply for the optional extra 0.20% discounted rate, please contact KBC. You must also mandate your salary (self-employed customers must establish and maintain a monthly transfer to the Current Account that is at least equal to the monthly mortgage repayment) and pay your KBC Mortgage by direct debit from your KBC Current Account. If you cease to meet one and/or both of the aforementioned conditions, the interest rate on your KBC Mortgage will increase by 0.20% i.e. the discount will no longer apply. In the instance you are availing of the Tracker Mover Option, the current account discount will only apply to the new business rate portion of your mortgage.

Offer excludes Buy to Let Mortgages, Tracker mortgages, mortgage accounts which have been in arrears within the past 12 months or on the following mortgage arrears resolution options: Moratorium, Less than interest only arrangement, Interest Rate Reduction, Split Mortgage.All other terms and conditions applicable to the KBC Current Account and the KBC Residential Mortgages shall continue to apply to the respective products. KBC reserve the right to remove the availability of this offering for new and existing business customers at any time in the future. This will not affect existing customers who have already availed of the discounted current account mortgage rate.

Discount offer is available with respect to new Personal Loan applications only and is subject to availability. The discounted rate is a discount on the standard personal loan rate which equates to a 1% discount on the Annual Percentage Rate (“APR”), which may vary. Lending criteria underwriting Terms and Conditions apply.

Available on insurance policies for contents-only, and buy-to-let and owner occupied homes. If you hold more than one home insurance policy with KBCI, you are entitled to the offer on all home insurance policies.

Offer not available in conjunction with any other home insurance offer. If you close your Extra Current Account, you won’t lose the offer for any remaining period of coverage but you won’t be eligible for the loyalty offer at the time of renewal of the policy. Offer subject to availability.

Underwriting Terms and Conditions apply. KBC Bank Ireland plc has an exclusive agency agreement with Zurich Insurance plc for the provision of Home Insurance. KBC Home Insurance products are underwritten, administered and provided by Zurich Insurance plc. Zurich Insurance plc is regulated by the Central Bank of Ireland.

Read the full Terms and Conditions of the Home Insurance Discount (pdf, 244KB). 

Lending criteria, underwriting, Terms & Conditions apply. The KBC overdraft is subject to repayment capacity, financial status and is not available to persons under 18 years of age.

 

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You can use Google Pay on any compatible device running Android 5+ (Lollipop) or higher and have the Google Pay app downloaded.

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What documents do I need to open a KBC Current Account?

Opening a Current Account should be something you can do anytime anywhere and with KBC it is. You can open your account with us across many different channels and we have called out the requirements for each below:

Online via KBC.ie

2 proofs of identity (e.g. 2 photo IDs)
2 proofs of address (must be dated within the last 6 months)

Instant on boarding via the KBC mobile app

1 proof of identity and 1 selfie (in certain circumstances a second photo ID may be requested)
2 proofs of address (must be dated within the last 6 months)

Over the phone

2 proofs of identity (e.g. 2 photo IDs)
2 proofs of address (must be dated within the last 6 months)

In one of our Hubs

1 original proof of identity (e.g. 1 photo ID)
1 original proof of address (must be dated within 6 months)
 

Before sending your documents to us here are some handy guidelines to follow:

Proof of Identity:

Proof of Address:

The following documents are accepted for proof of address:

• Utility Bill (Electricity, Gas, Landline Phone etc.)
• Current Account Bank Statement
• Credit Card Statement

Please note: All Proof of Address documents must be less than 6 months old at the time of application.