Updated on: 15 May 2018
The ING takeover of Record Bank was legally implemented on the 1st of April 2018. The existing clients of Record Bank will immediately become customers of ING, although the practical transfer of accounts to the new bank can still take place until the 30th of June.
The clients affected by this transition will receive the closest ING product to their current account. The transition to the new ING products will happen in a step-by-step process that will take place mostly during the weekend.
Anyone who is both a customer at Record Bank and ING and who has more than 100,000 euros in their account, will see the government guarantee fall on their assets as a result of the acquisition. From the 1st of April they will only be entitled to one maximum 100,000 euros deposit guaranteed by the Belgian state instead of one maximum 100,000 euros deposit per bank as they had in the past.