KBC has become the first bank in Ireland to offer multi-banking functionality to its Irish customers, the latest in a slew of updates from Ireland’s 'digital-first' bank.
Have you ever been in the situation where you've had three or four current accounts on the go, with substantial sums in each, and asked yourself: “isn’t there some sort of way to streamline this?”
Or is it just me?
Well let’s say you do have more than one current account on the go and want to easily check your balance in an account from another bank, it’s now possible thanks to KBC.
That's because KBC customers who hold an AIB or Bank of Ireland current account can now view those account balances through the KBC app. The new functionality, which has just been announced by KBC, provides customers with a complete overview of their personal current accounts via the KBC app.
This is just the latest digital innovation from KBC, Ireland’s ‘digital first’ bank, which previously announced digital features such as its 'instant credit card', digital personal loans and a first-to-market lost/stolen instant card replacement service.
The instant credit card is a digitally generated card you can view immediately in-app, and has a spending limit of €2,500 that you can start using right away. The digital personal loans are also a nice feature with snappy response times, meaning you can apply for a loan online with KBC and get approved within an hour.
KBC Bank Ireland’s Director of Transformation and Innovation, Kelvin Gillen, said:
“We are delighted to announce that KBC has launched the first phase of our multi-banking approach. Our ambition is to change the way that Irish people bank by providing instant, accessible financial products and services with this being a big step on our journey towards achieving this."
"Customers can now check the balance of current accounts held with other financial institutions in our best-in-class digital wallet – another market first for KBC."
"Over the coming year we will add more features to our app to continue to pioneer innovative and intuitive ways to make banking easier and better for our customers such as the ability to view transactions and initiate payments among others.”
This latest innovation from KBC is made possible by PSD2 technology, which we already had a look at a few months ago, which aims to promote transparency, competition and innovation in the banking sector.
KBC is also the only bank in Ireland at the moment that offers digital wallets from Apple Pay, Google Pay, FitBit Pay and Garmin Pay.
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So what do you think? Would you consider moving to KBC? Do you think this will make banking easier for you?
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