KBC exiting Ireland

Irish companies not allowing Revolut IBAN number for example when its the EU wide setup. I am trying to move all my accounts to N26/Revolut and some need a Irish IBAN.

Irish Life for example, Trying to set up a monthly direct debit and they need a Irish Iban.

That seems earlier than initially expected (?)

Or was that just wishful thinking on my behalf?

Have my BOI account set up and ready to go.....just need to go thru the pain now of moving a ton of DDs etc

Good question, hopefully we'll find out soon when the mortgage transfer details are announced

Was in with my local CU at the weekend, ready to switch to them. 4 euro a month and always decent service. I am loath to go with a traditional Irish bank, I just don't think they provide good value to customers.

Wanted to go with Revolut but they're just not quite there yet for a full current account, through no fault of theirs, with the IBAN fiasco.

Bit of a shock this, I thought (hoped ) they'd give 6 months , I got an email last week mentioned letters coming out in June, nothing about 90 days and also mentioning subject to approval of the BOI deal 😳

I'm all set up and have opened accounts elsewhere though, just a small few things to complete before closure of KBC.

Seems a bit premature to me to be giving 6 weeks notice that they're giving a 3 month window for customers to close their current accounts.

As far as I can see, the CCPC haven't even given their final ruling yet, which theoretically at least, could stop any transfer of business to BofI on competition grounds and certainly slow KBC's departure from Ireland.

Aren't BOI just taking over the mortgages though? KBC don't need any say so to stop standard banking?

In theory yes but in my recent experience it's not 100% reliable (when changing from UB to KBC a couple of years ago 😡)

Who are people moving their current accounts to? Based on fees I am between PTSB and BOI. They have same fees roughly (6 euro per month) but PTSB offer a reduction in fees up to 5 euro when you use your card.

Any experiences on what app is better?

I rang a mortgage broker today as I wasnt sure whether to begin moving it now or after mortgage is moved to BOI. I think I am going to start the ball rolling on that now as its a good time to do a review on who is the best mortgage provider. KBC had the most competitive interest rate when I bought the house but its been over 4 years at this point.

Is your mortgage with KBC? Are you leaving it go to BOI?

I'm thinking about EBS, free account as long as you limit yourself to 5 monthly ATM transactions, cashback is free as well, just need to find a decent credit card provider now, one that has Google pay would be handy

Just a mention of an article in last Fridays Irish Times, it was about this whole changing bank account situation, the Journalist went to an EBS branch to try open an account, was basically told next appointment , weeks away. EBS released a statement saying waiting times were not as portrayed , Journalist wasn't advised to try another branch. Just thought I mention this so you can check etc 😉 it would seem some remaining banks slow to open new accounts, staffing issues etc. This might be relevant for anyone doing a face to face account switch .

AIB is €4.50 a quarter. They have fees for transactions but you could transfer money to Revolut or N26 etc. and use that for your day to day spending.

No maintenance or transaction fees if you also have your mortgage with them.

We'll probably move our mortgage and have a joint account with AIB to avoid the fees. My wife and I have Revolut and N26 so we probably won't bother with a b&m bank accounts ourselves.