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Theherald

New KBC branch proves appeal of old-style banks

IT’S not often that we get to report about banks opening new branches on these pages, but KBC is doing just that - Sinead Ryan Consumer Champion

IT’S not often that we get to report about banks opening new branches on these pages, but KBC is doing just that. While its competitors are busy shutting branches all over the country – AIB closed 44 in 2012 and Ulster announced nine closures earlier this month, with more to come – it’s welcome news to see customers having options.

The new branches come as Belgian owned KBC – formerly only known for mortgage lending – expanded their business into current and deposit accounts.

The opening at Grand Canal Square will be followed by five others this year, including hubs at Swords, Stillorgan and Dundrum. KBC isn’t the cheapest for current accounts – they charge €6 per quarter and transaction fees – but they’ve recognised that customers still like somewhere to call into and speak to a real person rather than transact everything over the internet.

For comparing different account offerings, try bonkers.ie or the National Consumer Agency.

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