Looking to rent a house or apartment?

Get off on the right foot with our security deposit and property insurance

Looking to rent a house or apartment?

Get off on the right foot with our security deposit and property insurance

Open one even if you bank elsewhere

You don’t need to be with us to open this account.

In KBC Touch, KBC Mobile or on the website

With your tablet, phone or PC.

Available immediately

You can use your account straightaway.

Why go for a security deposit account?

If you're planning to rent a house or apartment, a KBC Security Deposit Savings Account is a good idea. Why? Landlords usually require a security deposit. By putting this on a frozen savings account, neither you nor the landlord can touch it for the duration of the lease.

You can also open a KBC Security Deposit Savings Account when renting student accommodation, a service flat, a room in a nursing home or a parking space. In other situations (e.g., commercial leases), you can't use a KBC Security Deposit Savings Account, but instead can open a standard savings account as third-party collateral.

The KBC Security Deposit Savings Account is a regulated savings account offered by KBC Bank NV, Belgium. It is governed by the laws of Belgium.

How to arrange the security deposit for your tenant(s)

Looking to rent out your house or apartment? Help your tenant out and recommend that they arrange their security deposit online in just a few steps – it couldn’t be easier!

> Get started right away!

Features of a KBC Security Deposit Savings Account

  • Interest earned
    0.01% basic interest and 0.10% fidelity bonus. These are gross rates and annualised and are subject to change at any time. Current rates are always given here or can be obtained from your KBC branch. If rates change, we will inform account holders of this on their statements of account.
  • Saves on tax
    Individuals are exempt from withholding tax (currently 15%) on the first 980 euros of interest earned each year (2021 figure).
  • Free savings account
    No charge for opening and managing the account.
  • Open-ended
    The KBC Security Deposit Savings Account is an open-ended product. The security deposit agreement linked to this account remains in force until the security deposit savings account is closed.
  • Risk
    Your entire deposits with KBC Bank up to a maximum of 100,000 euros per person are guaranteed subject to certain conditions. In the event of the KBC's insolvency (e.g., if it goes into bankruptcy), you run the risk of losing any deposits you have over 100,000 euros, or their amount could be reduced or converted into shares. You can obtain a copy of the 'Protection of deposits and financial instruments in Belgium' brochure from your KBC branch or from www.kbc.be/depositprotection.

Access your security deposit any time

You don’t need to be with us to open this account. Simply open one through our website to start using it right away. You choose when to transfer your security deposit and we’ll e-mail your landlord to confirm everything if you like.

Bank with us and you can open this account in just 3 steps using KBC Touch or KBC Mobile. That could come in handy if your landlord only wants to give you the keys after arranging the security deposit.

Borrowing for a security deposit

Having trouble advancing your security deposit? Then you can apply for an interest-free security deposit loan at the Vlaams Woningfonds for your rented home in the Flemish Region (website in Dutch only).

In this case, however, you can't open a security deposit account online. When you apply for a security deposit loan, you’ll need to provide proof that you’ve opened a security deposit account in your name at a financial institution. This can be obtained solely at your KBC branch.

Releasing funds on a security deposit account

You open a KBC Security Deposit Savings Account when the lease starts and the deposit is released at the end of the lease by

  • Written agreement between the tenants and the landlord (or joint landlords)
  • Court order (small claims court)

You no longer have to go to a KBC branch to ask for the deposit to be released. Instead, you can do it easily in our app by scanning or taking a photo of the completed and signed release document, the lease and the landlord's ID card (or copies of each landlord's card if the property is jointly owned) and forwarding them to us in KBC Touch or KBC Mobile. If everything is in order, we return the amount of the security deposit (plus interest), ensuring it is divided up as agreed.

Learn more

Please read these documents before you open a savings account.

You can submit any complaints you may have by e-mail to complaints@kbc.be, tel. 016 43 25 94 and/or by e-mail to ombudsman@ombudsfin.be.

Don't forget about tenant property insurance

Good to know: tenants in Flanders and Wallonia must have property insurance if the rented property is their main residence. More information on property insurance.