DMcL1971 said:If anything I imagine it will be a very basic current account offering.
Belgian-owned KBC Bank is set to become the first entrant in the current-account market here in more than a decade, the Irish Independent has learned.
It follows revelations that Permanent TSB is to scrap fees for existing and new customers who take up its current account.
The moves by KBC and Permanent TSB are set to ratchet up pressure on AIB and Bank of Ireland, in particular, as the two banks have made it almost impossible for customers to avoid fees and charges.
KBC Bank, which already has a strong presence here in mortgage lending, corporate banking and savings, is in test phase with its new product.
I wonder if KBC would consider a joint venture with An Post - could be mutually beneficial.
This is the way to go. I have my current account in Germany with DKB which has no retail branches (any more).Yeah, if they go for a cash current account model. Maybe KBC will look to the future and launch an online only current account product.
Too late for me (UB fees starting from 07/2013). PTSB it is...I was just on the phone to them and they said 'hopefully before the end of the year'.
I'm opening a BoI account to move to from UB as the account sees few transactions. I'll move again to KBC and drop BoI like a hot stone if they offer a truly free current account. People need to keep switching to force the banks' hands on this. Inertia is what the banks count on.
... as the account sees few transactions. .
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