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KBC exiting Ireland

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Comments

  • #2
    lawrencesummers
    Registered Users, Registered Users 2 Posts: 8,896 ✭✭✭lawrencesummers


    Bad news for the consumer.

    Good news for revolut.


  • #3
    zell12
    Registered Users, Registered Users 2 Posts: 31,771 ✭✭✭✭zell12


    Revolut don't do loans or mortgages


  • #4
    RebelButtMunch
    Registered Users, Registered Users 2 Posts: 2,421 ✭✭✭RebelButtMunch


    Poo. I've always liked their app. I left ptsb to join kbc thinking they are more tech progressive.


  • #5
    lassykk
    Registered Users, Registered Users 2 Posts: 3,625 ✭✭✭lassykk


    zell12 wrote: »
    Revolut don't do loans or mortgages

    Or offer any deposit guarantee scheme

    I love revolut by the way just they don't offer any security for anything over what I'm willing to pay online


  • #6
    [Deleted User]
    Posts: 4,060 ✭✭✭ [Deleted User]


    zell12 wrote: »
    Revolut don't do loans or mortgages

    They will


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  • #7
    Peterd66
    Registered Users, Registered Users 2 Posts: 412 ✭✭Peterd66


    Another bank driven out by Central Bank policy and approach and a warning to any new lenders thinking about entering the market.


  • #8
    Hoboo
    Registered Users, Registered Users 2 Posts: 3,696 ✭✭✭Hoboo


    zell12 wrote: »
    Revolut don't do loans or mortgages

    So bad news for the consumer. Good news for Revolut.


  • #9
    Dempo1
    Registered Users, Registered Users 2 Posts: 27,154 ✭✭✭✭Dempo1


    B*****X

    Fantastic bank and excellent App. Can't belive this, I'd hoped they at least continued with digital retail banking given they don't have a branch network.

    Will have to shop around but don't want to go near PTSB, BOI or AIB.

    Need an account that has a good app for managing account.

    Sad, Sad news, I've been with them from the start.

    Is maith an scáthán súil charad.




  • #10
    retalivity
    Registered Users, Registered Users 2 Posts: 15,183 ✭✭✭✭retalivity


    Ffs, I've all my banking with them including my mortgage, after leaving BOI who are useless.
    So only 3 banks left, all of which are somewhat govt owned


  • #11
    Dempo1
    Registered Users, Registered Users 2 Posts: 27,154 ✭✭✭✭Dempo1


    Just curious, I know little about Revolut. Is their app full service, I mean can you transfer, set up direct debits, Payee's etc I do pretty much everything with the KBC app, thanks for
    Any advice.

    Is maith an scáthán súil charad.




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  • #12
    McGiver
    Registered Users, Registered Users 2 Posts: 3,995 ✭✭✭McGiver


    Very bad. There's literally no competition here. There's gonna be rip-off again, fees etc. Three banks....

    I'm from a larger market, albeit only twice as large, and we've got 20 commercial banks minimum. They all offer free current accounts. The shift happened 10-12 years ago when a new player entered the market, disrupted it, people started pushing for free accounts voting with their feet, it was all over the media and the other banks just had to adapt. Fast forward, it's absolutely unacceptable for any bank charging fees for current accounts now, and anyone trying so would be laughed at.

    Just a story of why competition is good.


  • #13
    [Deleted User]
    Posts: 45,738 ✭✭✭✭ [Deleted User]


    N26 a safer bet than Revolut imo. It's a German bank licenced by the German central bank.


  • #14
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,255 Mod ✭✭✭✭godtabh


    The consequence of not been able to call in loans if people default


  • #15
    dashoonage
    Registered Users, Registered Users 2 Posts: 3,094 ✭✭✭dashoonage


    Revolut aren’t under the deposit guarantee scheme either are they ?


  • #16
    [Deleted User]
    Posts: 609 ✭✭✭ [Deleted User]


    Feck sake, I just moved to KBC from Ulster Bank


  • #17
    shanec1928
    Registered Users, Registered Users 2 Posts: 4,243 ✭✭✭shanec1928


    Great news... not stuck with zero choice. The last of the banks to offer free banking. Don’t bother saying EBS they haven’t left the 90s yet


  • #18
    cruizer101
    Registered Users, Registered Users 2 Posts: 3,175 ✭✭✭cruizer101


    Thats not good, I'd been planning moving to them since and currently with Ulster.
    Leaves very little competition in the market.


  • #19
    zell12
    Registered Users, Registered Users 2 Posts: 31,771 ✭✭✭✭zell12


    shanec1928 wrote: »
    Don’t bother saying EBS they haven’t left the 90s yet
    EBS are part of AIB, which bought it for one euro in 2011


  • #20
    Smee_Again
    Registered Users, Registered Users 2 Posts: 2,148 ✭✭✭Smee_Again


    Feck sake, not a lot of choice out there now.


  • #21
    Busi_Girl08
    Registered Users, Registered Users 2 Posts: 18,636 ✭✭✭✭Busi_Girl08


    [Deleted User] wrote: »
    Feck sake, I just moved to KBC from Ulster Bank

    Same. Have an AIP with them and all.


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  • #22
    Sarn
    Registered Users, Registered Users 2 Posts: 3,147 ✭✭✭Sarn


    It looks like a lot of us will be going full circle, with the limited choice that will be left.


  • #23
    Dempo1
    Registered Users, Registered Users 2 Posts: 27,154 ✭✭✭✭Dempo1


    Ceo of kbc on morning Ireland shortly

    Is maith an scáthán súil charad.




  • #24
    lawred2
    Registered Users, Registered Users 2 Posts: 24,836 ✭✭✭✭lawred2


    Ah feck.. been with KBC for a long while now.


  • #25
    okidoki987
    Registered Users, Registered Users 2 Posts: 10,633 ✭✭✭✭okidoki987


    That's a disaster for Irish consumers.
    No real choice now and the 3 Irish banks will jack up charges when they know they have the market to themselves.


  • #26
    lawred2
    Registered Users, Registered Users 2 Posts: 24,836 ✭✭✭✭lawred2


    The decision has already been made to sell to BOI?

    Would have thought that maybe Avant would have been interested!?


  • #27
    Dempo1
    Registered Users, Registered Users 2 Posts: 27,154 ✭✭✭✭Dempo1


    My impression after ceo"s interview is BOI approached KBC about a take over?

    Is maith an scáthán súil charad.




  • #28
    AndrewJRenko
    Registered Users, Registered Users 2 Posts: 32,894 ✭✭✭✭AndrewJRenko


    [Deleted User] wrote: »
    Feck sake, I just moved to KBC from Ulster Bank

    Join the club. I moved from PTSB late last year for the free fees, and finally, finally got the very last step - additional credit card for herself - sorted just last feckin night, and I wake up to this news.

    What a PITA.


  • #29
    cruizer101
    Registered Users, Registered Users 2 Posts: 3,175 ✭✭✭cruizer101


    Dempo1 wrote: »
    My impression after ceo"s interview is BOI approached KBC about a take over?

    Yeah he seemed to imply they got an offer which made financial sense for them.


  • #30
    Supercell
    Registered Users, Registered Users 2 Posts: 15,752 ✭✭✭✭Supercell


    N26 are great, i have an account with them as well as KBC, only problem is their German IBAN can cause issues at times for example switching electrical providers to Bord Gais they would only accept an Irish IBAN on their website.
    Its a PITA but will be switching over fully to N26 once they turn off the lights.
    https://www.loughlinstown.ie/

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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  • #31
    berocca2016
    Registered Users, Registered Users 2 Posts: 242 ✭✭berocca2016


    lassykk wrote: »
    Or offer any deposit guarantee scheme

    I love revolut by the way just they don't offer any security for anything over what I'm willing to pay online

    They're covered by Lithuania's banking guarantee scheme up to 100k.


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