KBC Bank Ireland has launched a new mobile app for new customers which opens a new account within five minutes. 

KBC claims the app is the first of its kind. It works by allowing customers to open, activate and use their bank account at any time, within just five minutes.

The launch of the new app follows months of development and testing with consumers here. 

If a person wants to open an account with the bank, they should download and open the KBC app. They then enter their name, mobile phone number, date of birth and mother's maiden name.

KBC will text the new customer an activation code which they enter when prompted, along with their personal security code.

The new customer must then take a photograph of their driving licence, clearly displaying the photograph and address. They mist then take a selfie, confirm their personal details and legal questions and then add the digital debit card to Apple or Android Pay.

A digital debit card is sent straight to the customer's phone the minute the account is opened. 

This means that customers do not have to wait days for a physical debit card to arrive in the post before their account can be used. 

The app also prompts the addition of the customer's debit card instantly to their digital wallet, which means that Apple or Android Pay is ready to use with the account immediately. 

KBC is giving €5 to every new current account opened via the app that will be available to spend immediately.

The bank said the new app is the latest in a series of product developments from its Innovation Hub in Dublin, where digital solutions are being created and tested for customers in Ireland and for rollout across other KBC markets in Central Europe. 

The Innovation Hub is part of KBC Group's €1.5 billion investment in digital transformation.

KBC Bank Ireland's Director of Innovation Eddie Dillon said the new app removes the perceived hassle, paperwork and time involved in opening a new bank account. 

"We have co-designed this new capability with Irish consumers and are confident it represents a new market standard in personalised digital banking," he added.