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KBC first Irish bank to offer Multibanking

24 January 2019

A new function that enables customers to view current account balances held with other banks

KBC customers who hold an AIB or Bank of Ireland current account can now view their balance in the KBC app. The new functionality, which was announced today by KBC, Ireland’s digital-first bank, provides customers with a complete overview of their personal current accounts via the app.

KBC Bank Ireland’s Director of Transformation and Innovation, Kelvin Gillen, said: “We are delighted to announce that KBC has launched the first phase of our multibanking approach. Our ambition is to change the way that Irish people bank by providing instant, accessible financial products and services with this being a big step on our journey towards achieving this. Customers can now check the balance of current accounts held with other financial institutions in our best-in-class digital wallet – another market first for KBC.

Kelvin Gillen, continued: “Over the coming year we will add more features to our app to continue to pioneer innovative and intuitive ways to make banking easier and better for our customers such as the ability to view transactions and initiate payments among others.”

The addition of the multibanking functionality follows on from the announcement that KBC added a range of new features to its app last September. The app which was developed with feedback from consumers further strengthens the evolution of KBC into a digital-first customer-centric bank.

The range of new, first to market features grow KBC’s always-on 24/7 accessibility. KBC offers an unrivalled banking experience with a range of market first digital capabilities designed to meet customers’ needs. Features include Instant Credit Card, Digital Personal Loans and a first to market Lost/Stolen instant card replacement service.

KBC is also the only bank in Ireland to offer digital wallets from four of the world’s leading technology companies; Apple Pay, Google Pay, FitBit Pay and Garmin Pay.  

Under PSD2, all European banks are required to make current accounts and details of those accounts available to authorised third parties (banking and non-banking) at the client’s request. The EU expects these new possibilities to ultimately lead to heightened competition and innovation.