- Log in to KBC Mobile
- Tap 'Start' or 'My KBC' at the bottom of your screen
- Select the current account with the budget facility you want to check
- Tap the three dots in the top-right corner
- Select ‘Balance available’
- See what’s still available under ‘Overdraft facility up to’
You only pay for the amount you're overdrawn by and the days your account is overdrawn. We charge interest at a rate of 9.39% on the amount you're overdrawn by. For instance, if you go 100 euros overdrawn for two days, you pay interest of just 0.05 euros.
Interest is calculated at the end of each quarter. If the debit interest due is more than 2.50 euros (after adding the credit interest accrued), it'll be automatically deducted from your current account and an overview of the transaction will be sent to you.
If it's 2.50 euros or less, the amount concerned will be added to the next quarter’s debit interest. Final settlement takes place at the end of each year, regardless of whether the debit interest due exceeds 2.50 euros or not.
In that case, your account will be temporarily blocked until you clear the amount that has taken you over the arranged limit.
Once you’ve cleared the amount that has taken you over, you can use your account again.
If you are under the age of 18, you cannot apply for a budget facility because it is prohibited by law.
The KBC Budget Facility can be terminated by the borrowers or by the lender. Notice must be sent by registered post and a notice period of one month needs to be observed by the borrowers (two months by the lender).