It's your Mortgage Day!
Important Customer Notice
KBC Bank Ireland would like to draw your attention to some important information.
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Extra Current Account
The difference is it benefits you
Benefits
Free
contactless payments when using a Debit Card for purchases in Euro
Free
Online & Mobile banking transactions
Free
day to day banking when you lodge €2,000 per month*
Free
Direct Debit & Standing Order Processing
Lodging €2,000 a month sounds like a stretch? Our other Current Accounts also offer great value.
For more information see 'The Need-to-Knows' below.
The benefits don't stop there!
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No quarterly fees for maintaining the account & no need to maintain a minimum balance! |
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Free Euro cash withdrawals (ATM) and cheque lodgement fees |
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Free contactless payments & debit card transactions when using a Debit Card for purchases in Euro |
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No overdraft Setup Fee (where applicable) |
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Paperless eStatement and paper statement options |
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Full suite of digital wallets: Apple Pay™, Google Pay™, Fitbit Pay™, Garmin Pay™ and Wena Pay™ |
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Bonus - Better rates on personal loans & mortgages |
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Customer service that fits around you – phone, web chat and social from 8am to 11pm, 7 days a week. |
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The KBC Extra Current Account is available to personal customers, i.e. your Extra Current Account may be used to operate and manage your personal financial affairs.
For example you may receive wages and salary payments and pay personal and domestic bills.
Your Extra Current Account may not be used for any business, charity, club, society or other organisation.
You must be resident in the Republic of Ireland.
You may open one Extra Current Account in your sole name and one in joint names with another person.
You must be aged 17 or over to open this account.
You must lodge a minimum of €2,000 per month to this account.
Please note: KBC Bank Ireland does not offer cash facilities at our hub locations and so are unable to cater for cash lodgements or withdrawals in our premises.
For more information see 'The Need-to-Knows' below.
On the App
You can do it all with the KBC App.
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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.
Optional Benefits
As a KBC Extra Current Account holder you have the access to the following optional Extra benefits.
Please note a lodgement of €2,000 per month to your Extra Current Account is required to avail of the Savings benefits and Home Insurance Policy Discount
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Lodge €2,000 into your Extra Current Account each month to avail of our 2 Extra savings products:
Extra Regular Saver Account:
- Save €100 - €1,000 per month lodged from your Extra Current Account.
- Withdrawals on demand to your Extra Current Account.
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Once the balance in the Extra Regular Saver Account reaches the maximum balance, as outlined in the Personal Deposit Rate Matrix, (including interest credited to the account) the entire balance will earn interest at the then prevailing Standard Demand Deposit Account interest rate.
Extra 12 Month Fixed Rate Account:
Lodge €3,000 - €100,000 in 1 lodgement at account opening
- No withdrawals permitted, interest is paid at maturity
- Funds must be lodged/withdrawn from/to your Extra Current Account
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Lodge €2,000 into your Extra Current Account each month and:
- Get a 25% discount in year 1 when you take out a new KBC Home Insurance Policy
- Save 10% off the premium when you renew an existing KBC Home Insurance Policy.
Available on insurance policies for contents-only, for buy-to-let and owner occupied homes. Offer not available in conjunction with any other home insurance offer.
Find out more about our Home Insurance offers and make sure you mention your Extra Current Account when asking for a quotation
And there's even more...
As a KBC Current Account holder you also have access to the following benefits:-
To help you on your way, new or existing residential mortgage customers can get 0.20% optional discount with a KBC Current Account
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The KBC Current Account gives you a 1% discount on the Annual Percentage Rate (APR) on your new KBC Personal Loan when you repay from your KBC Current Account.
That quick stop at the shop just got quicker.
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KBC Credit Card
Let’s get you the credit you deserve! The credit card with more of what you want.
Great News! Paperless is here!
We've reduced the amount of paper we send you. This means no more current account statements in the post each quarter.
Our Current Account benefits keep on coming!
To help you on your way, new or existing residential mortgage customers can get 0.20% optional discount with a KBC Current Account
Top FAQs
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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.
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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.
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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);
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Quarter 1: 1st January - 31st March
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Quarter 2: 1st April - 30th June
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Quarter 3: 1st July - 30th September
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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.
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See a full list of our Fees & Charges (pdf, 71 KB).
The Need-to-Knows
*Free day to day banking means you won’t be charged for day to day use of your account - like cash withdrawals and quarterly fees for maintaining the account. Fees and charges may apply for non-euro ATM cash withdrawals and using a debit card for purchases in foreign currency.
You can apply for an Overdraft facility if you are aged 18 or over but this is subject to application.
The KBC Extra Current Account is a Euro account. You cannot make lodgements to your Extra Current Account in any currency other than Euro.
Bonus offers are subject to availability.
Terms and conditions apply. Other fees and charges including Cash withdrawal [ATM] charges if used, apply.
Extra Current Account Fee Information Document.
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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.
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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.
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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.
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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).
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Effective 21st January 2021, the benefit of the full refund on entrance fees will no longer be available to new customers. Existing customers (i.e customers who are already availing of this benefit) will continue to receive the refund for the remainder of the 12 months.
Holders of an Extra Current Account are entitled to a full refund on Start2Invest entrance fees for the first 12 months of their Start2Invest investment when you lodge €2,000 into your Extra current account each month. Customers will receive a refund of the entrance fee (currently 1% of the trade value) to the Extra Current Account that funds the Start2Invest investment within 30 days of the monthly trade date.
Available on one account per customer (customer can hold one in both sole and joint names). Other fees and charges will continue to apply as per the Investment Funds terms and conditions.
If you don’t lodge €2,000 into the account in any of the first 12 months of opening your Start2Invest investment, you will not be entitled to a refund the following month. Your refund eligibility will resume once you lodge €2,000 the following month.
Read or download Start2Invest's Terms and Conditions (pdf, 240 KB).
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Android, Google Pay and the Google Pay logo are trademarks of Google LLC.
You can use Google Pay on any compatible device running Android 5+ (Lollipop) or higher and have the Google Pay app downloaded.
Fitbit, Fitbit Pay, Fitbit Ionic and the Fitbit logos are trademarks or registered trademarks of Fitbit Inc. Fitbit Pay lets you make payments on the go directly from your wrist with your Fitbit Ionic watch and works with the Fitbit app on any compatible device running Android 4.4 (or higher) or on iPhone 5 (or later).
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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.