KBC will no longer be taking applications for all products from July ahead of Ireland’s exit

KBC has announced that it will stop accepting product applications in July ahead of its exit from the Irish market.

The bank said it will stop accepting new applications for all products beginning July 15, including checking accounts, mortgages, personal deposits, personal loans, home, auto and life insurance, and personal credit cards.

In addition, KBC is no longer accepting new applications for commercial banking products, including commercial current accounts, commercial loans and commercial deposits, including customer demand accounts.

The announcement follows last week’s approval by the Competition and Consumer Protection Commission for Bank of Ireland to take over KBC’s non-performing loans, including mortgages, which is still subject to ministerial approval.

“KBC Bank Ireland recognizes that this is another important milestone for customers and we remain committed to supporting customers in any way we can, fulfilling our responsibilities and minimizing any inconvenience caused to them” , the bank said in a statement.

“KBC Bank Ireland will continue to support existing customers with their day-to-day banking needs.

“KBC would also like to reiterate that notwithstanding the decision to no longer accept new applications for all products, all necessary resources will be made available to customers throughout the current account migration process and KBC will continue to serve as their safe handrail in navigating this.” process.

“Customer service remains our top priority and KBC customers will continue to receive the service they deserve.”

KBC will start contacting customers from tomorrow 1 June to give them a six-month deadline to close their current accounts.

The notice period has been extended from 90 days to six months to give customers more time to switch accounts or open a new account with another provider.

Current accounts are not part of the Bank of Ireland transaction and KBC will exit the Irish market regardless of the outcome of the Bank of Ireland regulatory approval process.

KBC has confirmed that it will no longer charge current account maintenance fees from the moment it notifies its customers that their account has been closed. As a result, clients will not incur any additional fees and charges for opening two accounts at the same time.

https://www.independent.ie/news/kbc-to-stop-accepting-applications-for-all-products-from-july-ahead-of-irish-exit-41708103.html KBC will no longer be taking applications for all products from July ahead of Ireland’s exit

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button