Explainer: KBC extends account closure notice — how will this impact my banking?

KBC Ireland announced it will be extending the notice period for the closure of current accounts from 90 days to six months. But what does that mean for account holders?  Picture: Sam Boal / RollingNews.ie

KBC Ireland has announced it will be extending the notice period for the closure of current accounts from 90 days to six months.

The Belgian financial giant said it will start sending out the first batch of account closure notification letters to customers in June, with the letters being issued on a rolling basis over the course of the remainder of this year and into early 2023.