Open KBC curr acc to service mortgage only and get 0.2% disc

[blass]

Hi,

Is there any reason this would not be allowed:

We have a mortgage with KBC @ 4.5%.
They offer a discount of 0.2% to current account holders.
Could I open a current account with them (to avail of the mort discount) then only lodge the mortgage repayment amount each month.
Fees would be EUR24 per annum + 0.20 or .30c per payment (1 per month).
Savings from the discount would be EUR35 per month if my calculations are correct.
Has anyone done thsi, is there any flaws in my plan?

 

[Gettwo]

Hi,

Is there any reason this would not be allowed:

We have a mortgage with KBC @ 4.5%.
They offer a discount of 0.2% to current account holders.
Could I open a current account with them (to avail of the mort discount) then only lodge the mortgage repayment amount each month.
Fees would be EUR24 per annum + 0.20 or .30c per payment (1 per month).
Savings from the discount would be EUR35 per month if my calculations are correct.
Has anyone done thsi, is there any flaws in my plan?

You need to have your salary lodged automatically into the account ... But other than that it should work

 

[stefg]

Yep, I did this a few months ago and as long as you have your salary paid into the KBC account you get the discount. Some colleagues at work availed of it recently too. If you have questions contact KBC as I found their customer care to be very good and give good advice of other offers and savings you may be eligible for.