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KBC exiting Ireland

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Comments

  • Registered Users, Registered Users 2 Posts: 417 ✭✭bugsyb4


    Will be trying to get on Green Rate of 2.10% and fixing for 5 years, currently getting 2.25% with an extra current account with KBC.

    I have had no issues with KBC so sad to see them leave the market as since we moved to them from BOI have not had to pay 1c in fees for having extra current accounts so will miss that but it is what it is...



  • Registered Users, Registered Users 2 Posts: 1,385 ✭✭✭Indestructable


    Have to say Avantcard are excellent for Credit Cards. Easy to see transactions online and in app, easy to pay off too. (The app also sends an instant notification for every transaction, which is handy for security)

    Get a few euro back each month and access to Avantages which has good deals from time to time. Be careful with the limit they set at the beginning, I got 8k and didn't want the colour of that.



  • Registered Users, Registered Users 2 Posts: 5,277 ✭✭✭Daith




  • Registered Users, Registered Users 2 Posts: 904 ✭✭✭raxy


    I've an avantcard cc too. Get €12 cash back nearly every month. I always forget to check for the deals but have a circle k fuel card through it that gets me 4c/l off.

    I had a look at their trust pilot reviews though & they are quite bad. Not sure how. I got a 30k loan from them recently & the money was in my account within a week. Mortgage application was sent to them a week ago so probably another 3-4 weeks to hear about that.



  • Registered Users, Registered Users 2 Posts: 19,040 ✭✭✭✭adox


    Yep Avancard user hear too. Cash back every month. Only negative is they don’t have Apple or Google Pay support.

    got around that by getting a Curve card and linking it to that.



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  • Registered Users, Registered Users 2 Posts: 5,423 ✭✭✭.G.


    They'll all accept them but some will fight you over it until you point out that the practice is illegal and they must accept it.

    Vodafone in my case won't allow you to change to a non Irish Iban on your account on their website, you have to go to a Vodafone store and get them to do it for you.



  • Registered Users, Registered Users 2 Posts: 5,423 ✭✭✭.G.


    I must admit this spooked me! I saw it yesterday and moved all my savings out straight away. Just have small amounts left for the direct debits that come from that account.

    Poor way to treat customers given how they've handled it.



  • Registered Users, Registered Users 2 Posts: 5,302 ✭✭✭Yggr of Asgard


    Avantcard cashback on transactions is no longer available to new users.

    On the reward+ card you now only can get 25% interest refund, which is no use to Mundane as Mundane wants to pay off the card when used.



  • Posts: 870 ✭✭✭ [Deleted User]


    According to Electric Ireland, it's a BPFI restriction around not allowing electronic mandates for non domestic direct debits...

    We understand your frustration with the requirement for a paper Direct Debit mandate to be submitted. At Electric Ireland we strive to make our customer journey as easy and efficient as possible. Our preference would be to facilitate paperless (i.e. online or telephone) Direct Debit mandates for all customers.

    As a Creditor operating within the SEPA Direct Debit Scheme Electric Ireland is required to comply with SEPA Scheme Rules. Failure to do so would impact our participation in the SEPA Direct Debit Scheme. This would in turn affect our ability to offer Direct Debit as a payment method to all our customers.

    Through our banking partners Electric Ireland has raised the issue around the requirement for a paper Direct Debit mandate with the Banking and Payments Federation of Ireland (BPFI). The BPFI confirmed that we are required to have a paper mandate for all customers where the customer’s bank account is not domiciled in ROI. The use of paperless mandates for non-ROI based account is not authorised under SEPA Scheme Rules.

    Electric Ireland can and does facilitate payments via Direct Debit for all customers. I acknowledge that for customers whose bank accounts are not domiciled in ROI it is inefficient and inconvenient to submit a paper mandate. As much as we would prefer to offer a paperless option this is not within Electric Ireland’s control.

    I understand that this will not address the inconvenience of submitting a paper mandate, but I hope that it may give you some insight into why Electric Ireland is required to obtain a paper based Direct Debit mandate.



  • Registered Users, Registered Users 2 Posts: 1,031 ✭✭✭jahalpin


    All payments to EUR bank accounts in the SEPAZONE must be made using the IBAN of the account, you cannot use the old local account numbers. A number of countries outside of the EU don't even use IBANs



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  • Registered Users, Registered Users 2 Posts: 1,031 ✭✭✭jahalpin


    You actually can't, as another poster has mentioned the payroll software converts the old format account number to an IBAN before it sends it to the bank for processing. The actual applications obviously don't get updated every year it is just the payroll tax rules that get updated regularly. The UK still offers the choice of using the IBAN or old style account number and sort code



  • Registered Users, Registered Users 2 Posts: 40 Mundane


    Yep, not much use to me so, however, not supporting Google Pay would probably have been a deal breaker either way. I had gotten used to getting my few quid cash back each month from KBC. The search continues.



  • Registered Users, Registered Users 2 Posts: 5,302 ✭✭✭Yggr of Asgard



    I think the only cashback option is the AIB Platinum Visa Card which gives 0.5% up to 225€ if you spend at least 5000€ a year.



  • Registered Users, Registered Users 2 Posts: 73,734 ✭✭✭✭L1011


    There's also the Aercard for Avios but you'd be hard pressed to recover the card fees that way.



  • Registered Users, Registered Users 2 Posts: 933 ✭✭✭feargantae


    Hmmm, I was able to go into the MyVodafone app, delete the direct debit details and then just add a card as backup.


    Ye can never know with Vodafone though!



  • Registered Users, Registered Users 2 Posts: 933 ✭✭✭feargantae


    I'm in a bit of a conundrum myself. I've a credit card with KBC from my student days years ago with a small enough (€500) limit. I understand that KBC will transfer these cards to BOI in the sale but presumably I'd just be moved to a normal CC and I think the minimum limit is €1,000 with them! I wonder whatll happen to me as the card was handy to have just in case, topping up revolut etc



  • Registered Users, Registered Users 2 Posts: 5,902 ✭✭✭The J Stands for Jay


    You'd be better off paying the AIB fees and getting 1.95% with Avant money.



  • Registered Users, Registered Users 2 Posts: 3,851 ✭✭✭Irish Gunner


    Ok just looking around for accounts to switch current joint account to from KBC and was looking at switching to EBS Money Market Account

    We only use the account for paying bills, mortgage and debit card for shopping and very rarely if any withdraw cash. Local branch near us so will drop down to them to discuss but just looking for user experience and what their online portal is like and do they have app for Banking

    All experiences welcome

    Thanks



  • Registered Users, Registered Users 2, Paid Member Posts: 6,965 ✭✭✭jj880


    I was same situation as you. I got the Money Manager Account with EBS in January.

    They have 2 apps. 1 for approving online card transactions and 1 for authenticating your login to the online banking website.

    There is no dedicated app for online banking. You have to use the website. You can use the website on your mobile phone but it's not as handy as the Ulsterbank app for example which is very good. I do miss their app.

    EBS did the switcher. They wrote to all my direct debits with the new account details. Some did not switch however. It's up to you to ensure they switch. For this reason I recommend a switcher option B to keep your old and new accounts open until you are sure everything is in order. Vodafone for example. But it was easy for me to login to vodafone and change the IBAN. Same for my mortgage life insurance. Simple onilne update.

    The phone banking / support is very good if you have any issues.

    All things considered it's a good setup for not paying any monthly fees.

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  • Registered Users, Registered Users 2 Posts: 1,492 ✭✭✭rodge123


    Anybody know if Avant offer contribution to solictor fees in addition to the 1.95%?



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  • Registered Users, Registered Users 2 Posts: 153 ✭✭MercuryBoy


    Decided to put up with the €4.50 fee per quarter with AIB and use them for savings and getting my salary, then will use N26 for daily banking stuff...it seems sending a SEPA from AIB to N26 is free...The N26 App is really nice but it seems too big a risk to leave any large lump sum with them



  • Registered Users, Registered Users 2 Posts: 2,432 ✭✭✭henke


    I also opened a basic current account with AIB and plan to use it for wages. Are you going to use your N26 for any outgoing direct debits etc or the AIB account? When you say SEPA do you mean a standing order from AIB to N26? Thanks.



  • Registered Users, Registered Users 2 Posts: 153 ✭✭MercuryBoy


    Plan is to send a sum once a month from AIB to n26 using a bank transfer / SEPA, which actually on closer inspection will cost €0.20. Then I'll use N26 for everything , paying bills, sending people money, withdrawing cash, debit card purchases etc...



  • Registered Users, Registered Users 2 Posts: 904 ✭✭✭raxy


    They did for kbc & ulster customers but that deal ended at the end of March. I was hoping they would extend it but I don't think so.



  • Registered Users, Registered Users 2 Posts: 101 ✭✭NetworkOrange




  • Registered Users, Registered Users 2 Posts: 417 ✭✭bugsyb4


    Do Avant give any cashback for switching? AIB are offering 2k from what I can see.



  • Registered Users, Registered Users 2 Posts: 15,164 ✭✭✭✭retalivity


    Avant cashback for KBC/Ulster switchers ended on 31st March, no new cashback offer as of yet



  • Registered Users, Registered Users 2 Posts: 170 ✭✭Shuffl_in


    And what would happen if/when EBS leave? Would all current accounts get transferred to a fee paying AIB account after a notice period?

    If so they're just going to hang on for now to mop up some of the KBC/UB accounts aren't they? They know a certain percentage wouldn't be bothered changing banks again.



  • Registered Users, Registered Users 2 Posts: 5,902 ✭✭✭The J Stands for Jay


    I'm getting €1,500 along with the lower rate.



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  • Registered Users, Registered Users 2 Posts: 417 ✭✭bugsyb4


    You switched before 31st March so I bet as that offer since seems to be gone per users above. Our fixed rate isn't up until Aug and only really looking into this now with all the media attention over KBC legging it recently..



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