What are the key benefits associated with an Extra Current Account?
Switching to a KBC Extra Current Account is easy, and gives you access to a whole world of incredible extras, like free day to day banking* (that means no fees for maintaining your account and / or free Euro Cash Withdrawals [ATM] & Cheque Lodgement fees). All you need to do is pay a total of €2,000 a month in to the account (your balance can change throughout the month, that’s no problem).
You can also choose from a range of optional extras, like bonus rates on your savings, discounts on mortgages and personal loans, plus a hassle free overdraft and cash rewards on your credit card.
*Non Euro debit card fees and charges may apply.
What are the criteria required on the Extra Current Account to receive those benefits?
To be eligible for an Extra Current Account, all you need to do is lodge a minimum of €2,000 per month into the account.
What will happen if I don’t lodge a minimum of €2,000 in to my Extra Current Account each month?
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 will lose the benefits of any optional extras which you have availed of in conjunction with your Extra Current Account.
If I start lodging the €2,000 will the benefits be reinstated?
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.
If I have an Extra Current Account and I have not met the €2,000 lodgement criteria, when will fees and charges be applied to my 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
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.
How much will I be charged?
What will the interest rate on my Extra Regular Saver Account change to if I don’t lodge a minimum of €2,000 in to my Extra Current Account each month?
The bonus rate on your Extra Regular Saver Account will cease and the account will become a standard version. The prevailing rate for the standard account will then apply.
What will the interest rate on my Extra 12 Month Fixed Rate Account change to if I don’t
lodge a minimum of €2,000 in to my Extra Current Account each month?
The bonus rate on your 12 Month Fixed Rate Account will cease and the account will become a standard version. The prevailing rate for the standard account will then apply from the original commencement date of the investment.