KBC Current Accounts

You should now start considering who you would like to open your new Current Account with. 

You will find useful information about the different Current Account providers on the CCPC website or Bonkers.ie.

If you have an existing overdraft this will not automatically transfer to your new provider and you will have to make a new application with your new provider to have an overdraft on your new account.

If you would like to open your account with a new provider by using the switching process you will find more information below.

Tip: It can take some time to get set up with a new Current Account so you can research your options now before you get the formal notice of your Current Account closing. When you get your formal notice you will have 6 months’ to move or close your account.

Once you have opened your new account there are a few important things you need to do to get set up. You should take some time to review the money coming into and out of your account so you can ensure your new payments are set up and not disrupted.

Money In
Make sure you let anyone who makes payments to your account know you’ve changed accounts. For example, make sure you tell your employer or the Department of Social Protection you’ve changed banks so your wages and/or social protection payments go to the right account.

To do this you will need to contact your creditors and give them your new IBAN.

Money Out
If you have standing orders or direct debits coming from your KBC Current Account, such as electricity bills, mortgage repayments or insurance payments you will need to ensure these are being paid from your new Current Account.

Remember to check the dates of your regular direct debits and standing orders to make sure that you do not miss any payments.

Direct Debits: A Direct Debit gives a company permission to take a regular payment from your account e.g. your monthly electricity bill.  You sign a direct debit mandate to give the company permission to take the payment from your account. You will need to ensure that you have contacted the providers with your new IBAN i.e., if you pay an electricity bill by direct debit you will need to contact your electricity supplier and provide them with your new account details.

Standing Orders: A standing order is a regular payment you have set up to pay other people. You will need to set these up yourself with your new provider. Your new provider can provide you with the information you need to do this.

Subscriptions: Sometimes regular payments will be linked to your Debit Card e.g., Netflix / Spotify / gym membership. You will have to notify these companies of your new card details when you get them so that the payments keep running.

Tip: eStatements are a great way of reminding you what payments you have in and out of your account on specific dates.

Tip: Updating payments in and out can take time so as soon as you have your new account details you should ensure you give providers your new IBAN as quickly as possible.

Tip: To help with this you can find a list of all your standing orders and direct debits on your KBC App.

Before closing your account you will need to move your money and bring your balance to zero. You can do this with your KBC App or by sending us a written instruction to: KBC Bank Ireland, Sandwith Street, Dublin 2.

If you decide to complete the transfer via the KBC App, simply go to the account summary screen; select transfer; add your new Current Account as a payee and confirm the transfer. Remember we have limits in our App per day so you might have to spread it over a couple of days. It usually takes 1 -2 working days for your money to arrive in your other account. You can find further information on our transfer limits here.

Tip: Leave a balance in your account until you are sure all payments have been moved.

Tip: Once you are ready to close your account make sure your account balance is zero so that your account can close.

When you have completed the actions above, the next step is to close your account.

Once your account is closed you will not be able to re-open your account, your Debit Card will stop working and you should let all cardholders know this. Make sure your new account is up and running before completing the final steps. You won’t be charged maintenance fees from June to allow you to do this.
There are three ways to close your account.

1. Don’t do anything, your account will close automatically at the end of the notice period. Please ensure that the balance is at zero.

2. Drop in to your nearest KBC Hub.

3. Write to us with your instructions at KBC Bank Ireland, Sandwith Street, Dublin 2. Make sure to include the account number of the accounts you wish to close and the account where you want your balance transferred to (should it not be zero) or complete and return the following form to us: Current Account Closure Form.

Some things to note about closing:
Once closed, your account will not appear in your KBC App or Online Banking.

Tip: It’s important that you keep a copy of your statements after your account is closed. These can be accessed through your KBC App by clicking on the e-statements tab in your Current Account. You should download these documents before closing your accounts. If you need a copy of these documents after your account is closed and you no longer have access to the KBC App please get in touch with us.

Switching your Current Account
You could also avail of the switching process with the help of the new Current Account provider of your choice. If you want to complete the switching process, you should contact the new provider of your choice for a switching pack which provides all the information involved in switching. You can also find all the information you need to know on www.ccpc.ie

Tip: You should pick a date to switch where there is very little account activity and should not pick a date when direct debits are due or when salary or social payments are expected to be paid.

The features of your KBC Current Account will continue to apply until you close your account with us.

(Including: Standard Current Account; Extra Current Account; Teen Current Account; Current Account Plus; Student Current Account; Basic Bank Account.)

Free contactless payments when using a Debit Card for purchases in Euro.

Free online & mobile banking transactions.

Free Direct Debit & Standing Order Processing.

No quarterly fees for maintaining the account.

Free cashback - CashBack is at the retailers discretion and a purchase is required. A minimum amount may be necessary.

Paperless eStatement and paper statement options available

Full suite of digital wallets: Apple Pay™, Google Pay™, Fitbit Pay™, Garmin Pay™ and wena Pay™

Check out our Glossary of Terms here.