International (Non SEPA) payees set up by post continue to have a daily transaction limit of €20,000 (limit is €10,000 if set up via mobile).SEPA zone countries with euro as their local currency and countries for which we only offer euro as the transferring currency) Certain International Payees have been re-categorised as SEPA payees (i.e.International Transfers are now known as International (Non SEPA) Transfers and can be used to make euro transfers to non SEPA zone countries or foreign currency payments.BIC and IBAN details are now required when setting up a new SEPA payee or standing order.Domestic payees have been renamed SEPA payees with account details converted to BIC and IBAN.Domestic transfers are now known as SEPA transfers and allow you to make euro payments to SEPA Zone countries.Key changes to payees/transfer options for all Bank of Ireland customers: GBP to France) and non-SEPA zone countries ( e.g. USD to USA or Sterling to the UK).įor Northern Ireland and Great Britain (NIGB) customers, an International Transfer is used to send payments in GBP or other available currencies, excluding euro, to SEPA zone countries (e.g. Euro to China) and foreign currency payments (e.g. International Transferįor Republic of Ireland (ROI) customers, an International (Non SEPA) Transfer (formerly known as ‘International Transfer’) is used for euro transfers to non SEPA zone countries (e.g. The current countries that comprise SEPA are the 28 EU member states, the three European Economic Area countries (Iceland, Liechtenstein and Norway) as well as Switzerland, Monaco, Gibraltar and San Marino.Īustria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, United Kingdom. Transfers to these types of payees can be made in Euro only. Bank of Ireland and it’s customers in Northern Ireland & Great Britain).įurther information on how these changes impact ROI and NIGB customers on 365 online is detailed below: SEPA TransfersĪ SEPA transfer is a payment to a payee whose bank is located within the SEPA zone (including Ireland and the UK). This regulation was later extended in October 2016 to certain countries where euro is not the domestic currency (i.e. Bank of Ireland and it’s customers in the Republic of Ireland). 260/2012 which established mandatory deadlines for migration to a Single Euro Payments Area (SEPA) for electronic payments in countries where euro is the domestic currency (i.e. In February 2012, the European legislator adopted regulation (EU) No.
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