International Payments FAQs

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General Information

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    What is an International Payment?

    An International Payment is a payment made in any currency (including euros) to a person/organisation outside the Republic of Ireland. It can also be a payment in foreign currency to any country worldwide, including Ireland.

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    What are the International Payment products available from AIB?

    AIB provides two types of Outgoing International Payments.  These are:

    1. Paylink Euro

    Paylink Euro payments are used for sending euro international payments to a SEPA zone country, i.e. EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland. Payments can be sent as either standard or urgent.

    2. Paylink

    Paylink should be used for all other international payments. Paylink payments can be sent in all major currencies to most destinations worldwide as either standard or urgent.

    Incoming International Payment Products

    AIB provides two types of Incoming International Payments.  These are:

    1. InPay Euro

    This product is used for euro international payments sent to Ireland from SEPA countries*.

    2. InPay Global

    This product is used for all other Incoming International Payments. i.e. for payments in all major currencies from most countries worldwide.

    Please note that all payments are subject to cut-off times.

    *SEPA countries = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland

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    How can I make an International Payment?

    International payments can be made through various internet channels, iBusiness Banking (iBB) for business customers and AIB Internet Banking or AIB Kiosk Banking for personal customers. iBB's Payment File Service offers business customers the opportunity to make International Payments in bulk. Payments made on these channels are subject to the terms and conditions for each channel.

    International Payments can also be made through your account holding branch by completing either a Paylink Euro or Paylink application form. These forms are available at AIB Branches or can be downloaded from this website.

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    Why are Intermediary (Agent) Banks used?

    In order to deliver an International Payment service AIB relies on the services of Intermediary Banks to provide us with access to the local payment system in each country.

    Most International Payments are made in the currency of the Receiver’s country e.g. USD payments to the USA or GBP payments to the UK. With these payments the Intermediary Bank is located in the country of the Receiver and they will pass the proceeds of the payment to the Receiver’s Bank through the national banking system in the country. The Intermediary Banks will normally deduct their fees or charges from the payment amount before the payment is passed to the Receiver’s Bank. The Intermediary and Receiver Banks can be requested to pass on the full amount of the payment to the Receiver but their charges will be charged back to the Sender.

    Sometimes payments are made in a third currency (payment that is not made in the currency of the Sender or the Receiver's country).  For example a payment from Ireland in USD sent to Japan. With such payments, AIB may be able to send a payment order directly to the Receiver’s Bank and arrange the USD settlement for the payment from their USD bank account in the USA to the Japanese bank’s USD account in the USA.

    In some cases the Japanese bank may not be an Agent Bank for AIB. In such case AIB will try to identify a bank in the USA where the Japanese bank maintains an account. AIB will then send the payment through its US Agent Bank to be passed to the US Agent Bank of the Japanese bank. In such a payment a minimum of two Agent Banks would be involved, both of which will apply a charge for handling the payment.

    On rare occasions AIB may not be able to identify the US Agent Bank for the Japanese bank and may request the customer to obtain this information from the Receiver of the payment.

    Due to the complexity involved in delivering payments to the Receiver’s Bank and the extent of AIB’s Intermediary bank network (approximately 1800 banks worldwide), it is not possible for AIB to indicate the amount of any Intermediary bank charges that may be deducted from a payment or charged back to the Sender.

    AIB endeavours to limit the amount of charges applied by Intermediary (Agent) Banks, by routing payments through recognised clearing and settlement systems directly to the Receiver's Bank (e.g. Target, EBA, STEP 2) or through preferred Intermediary Banks selected by AIB or nominated by the Receiver’s Bank.

    Please note that the charges of Intermediary (Agent) Banks and/or the Receiving Bank may be higher than similar charges applied in Ireland.

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    What is a BIC?

    The Bank Identifier Code (BIC), is the code necessary to send automated International Payments quickly and accurately to the banks concerned. It is not mandatory for the customer to provide the BIC for SEPA payments.

    AIB’s BIC is AIBKIE2D.

    BIC codes consist of either 8 or 11 alphanumeric characters and can be verified using the following website: www.swift.com/biconline

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    What is an International Bank Account Number (IBAN)?

    The 'International Bank Account Number' or 'IBAN' is an international standard for quoting account numbers across Europe and is being increasingly adopted outside Europe. The IBAN contains enough detail to identify the number and the Receiver’s bank account branch. When used with the BIC it provides sufficient information to ensure the correct identification of the Receiver's bank branch and their account number within that branch.

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    How can an IBAN be identified?

    An IBAN contains additional characters in front of a Receiver’s normal bank account number. These characters consist of a 2-letter country code followed by a 2-digit check number.
    For Example: AT611904300234573201

    Please note that an IBAN in printed format (such as an invoice) is likely to be prefaced by the word IBAN e.g. IBAN AT611904300234573201

    • You should NOT enter the word IBAN on any input to the bank.

    • You should not include any spaces when quoting the IBAN. The IBAN should be presented as a continuous string of alphanumeric characters i.e. AT611904300234573201

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    What is a cut-off time for an International Payment?

    A cut-off time is the latest time on any business day that AIB can make a payment in a particular currency e.g. a Paylink Urgent payment in GBP received by AIB via AIB Internet Banking channel before 15.00 hours can be processed to go to the Receiver on the same business day. If it is received after 15.00 hours it will be processed to go to the Receiver on the next business day.

    Please note: A business day means a day (other than a Saturday, Sunday or public holiday) on which we are generally open for business in Ireland and a day on which the Receiver’s Bank is also open for business.

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    What exchange rate is applied to an International Payment?

    An exchange rate is applied to an International Payment, when the currency of the payment is different to the currency of the Sender’s or Receiver's Account. Standard exchange rates are available to view online which are applicable on the relevant business day quoted. (For Outward Payments - Sell Rate click here. For Inward Payments - Buy Rate click here). These variable exchange rates are subject to change at any time.

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Charges for International Payments.

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    How much does an International Payment cost?

    The cost of an International Payment is based on AIB’s charge and the charges of other banks involved in the payment, such as Intermediary (Agent) Banks and the Receiver Bank. Intermediary (Agent) and Receiver Banks will normally collect their charges by deducting them from the payment amount before it is paid to the Receiver's Account or will bill AIB with their charges once they have processed the payment. However, under EU legislation the charges must be shared by both parties where the payment is made in an EEA* member state currency within the EEA and no foreign exchange conversion has occurred on the sending side.

    For more information on the AIB costs for International Payments please click here to view the Schedule of International Transactions Charges brochure.  Brochures are also available in your branch.
    In addition to AIB’s International Payment charge, account transaction fees will also apply.

    *EEA = EU Member State, Iceland, Liechtenstein and Norway

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    Who pays the costs when making an International Payment?

    The cost of an International Payment may be charged either to the Sender or is shared between the Sender and the Receiver.

    Under EU legislation the charges must be shared by both parties where the payment is made in an EEA* member state currency within the EEA and no foreign exchange conversion has occurred on the sending side. For example, if an AIB Customer makes a payment in euro from their euro account to Romania, the AIB customer (Sender) pays the AIB’s charge and the Receiver in Romania will pay the Receiver’s bank charge.

    *EEA = EU Member State, Iceland, Liechtenstein and Norway

    The charging options available to AIB Customers on Outgoing International Payments are detailed in the table below: 

    Charging Option Impact on the Sender Comment
    SHARED ('SHA') This is where the Sender opts to pay their bank’s charge and the Receiver pays the charges of all other banks. The Sender pays AIB’s charge and any other bank charges may be deducted from the payment amount before it is paid to the Receiver.

    This is the most frequently used charging option and must be used for all payments in EEA member state currencies within the EEA where no foreign exchange occurs on the sending side.
    SENDER ('OUR') The Sender opts to pay their bank's charge and the charges of all other banks. The Sender's account will be debited with the AIB charges initially and with all other bank(s) charges when notification is received from the bank(s) involved, which could be some time after the payment was actually executed.

    Please note that the charges of Intermediary (Agent) Banks and/or the beneficiary/Receiver Bank may be higher than similar charges applied in Ireland

    Please note that in the following cases, payments must be made on a ‘Shared’ charging basis:

    • Paylink Euro payments
    • Paylink payments in an EEA currency to an EEA destination with no currency conversion and
    • All International Payments made using the AIB Internet Banking service
    • InPay Euro payments

    Our recommendation is that, as far as is practical, AIB customers should choose the 'Shared' charging option on Outgoing International Payments. This is recommended because under EU legislation Intermediary (Agent) Banks may not deduct any charges from EEA currency payments to EEA** destinations. The full amount of the payment must be transferred to the Receiver's Bank . The Receiver’s Bank may, subject to agreement with the Receiver, deduct their fee from the payment amount before they credit the Receiver's Account.

    **EEA = EU Member States and Norway, Iceland and Liechtenstein.

    Note: If you require the full amount of the payment to be credited to the Receiver's Bank, and where permitted by law to do so, you should select the ‘Sender’ charging option. Please note that the charges of Intermediary (Agent) Banks and/or the Receiver Bank may be higher than similar charges applied in Ireland.

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Outgoing International Payments.

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    What is a Paylink Euro payment?

    Paylink Euro payments are international payments in euro to a SEPA zone country, i.e. EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland.

    Paylink Euro

    Product/ Service Features Standard Charge Paper Instruction Standard Charge Electronic Instruction
    Standard
    • Non-urgent euro payment from euro account
    • Any amount (1)
    • Receiver’s Bank must be located in the SEPA zone(2) and be reachable for SEPA Credit Transfers
    • Unique Identifier(3) is:
      • IBAN of the Receiver
    • Execution timeframe is a maximum(4) of 1 business day, subject to cut off times(6)
    • Charging Option ‘Shared’(7) is mandatory
    • Sender’s message for the Receiver option available
    • Payment confirmation available upon execution(8)
    • Can be made:
      • Electronically, e.g.  iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking(9) and iBB's Payment File Service OR
      • By standard Paylink Euro paper application form (Green Form)(10)
    €0.00 €0.00
    Urgent
    • Urgent euro payment from euro account
    • Any amount (1)
    • Receiver’s Bank must be located in the SEPA zone(2)
    • Unique Identifier(3) is:
      • IBAN of the Receiver and
      • BIC of the Receiver’s Bank
    • Execution timeframe is a minimum(4) of same business day and a maximum(5) of 1 business day, subject to cut off times(6)
    • Charging Option ‘Shared’(7) is mandatory
    • Sender’s message for the Receiver option available
    • Payment confirmation available upon execution(8)
    • Can be made:
      • Electronically, e.g.  iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking(9) OR
      • By standard Paylink Euro paper application form (Green Form)(10)
    €25.00 €12.70

    Footnotes

    (1) The maximum amount that may be transferred may be restricted by limits applying to AIB’s delivery channels.

    (2) SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland. Ireland is excluded as a destination country for Paylink Euro payments on all electronic payment channels. It is available as a destination country for payments processed at AIB Branches on the Paylink Euro Application form (Green Form)

    (3) Unique Identifier is the information required to identify the bank account of the Receiver when processing a payment (for example the IBAN of the Receiver and the BIC of the Receiver’s Bank). For all Incoming and Outgoing International Payments, AIB recommends using the IBAN of the Receiver’s Bank Account and the BIC of the Receiver’s Bank. For SEPA payments you will need to provide the IBAN. BIC is no longer mandatory for SEPA payments. When making Outgoing International Payments to Albania, Israel, Jordan, Kuwait, Lebanon, Pakistan, Qatar, Saudi Arabia, Turkey or United Arab Emirates, the IBAN of the Receiver is mandatory and must be used with either the BIC of the Receiver’s Bank or the Receiver’s Bank full name and address.

    (4) AIB’s minimum execution timeframes for payments are indicative only. AIB does not guarantee that the payment will reach the Receiver Bank within the indicated execution timeframe. Delivery times may vary. AIB is not responsible for failure of the Receiver Bank to pass on the payment to the Receiver. Whilst AIB will process your payment requests in a timely manner, please note that due to local banking practices in certain regions of the world such as Africa, South America, the Caribbean and areas of the Middle East and Asia, delivery times and service may vary.

    (5) AIB’s maximum execution timeframes for payments represent the maximum execution cycle permitted by law for payments in EEA currencies within the EEA. The actual execution timeframes are more likely to be reflected by the minimum execution cycles indicated. An additional day is allowed for payments instructed on paper.

    (6) The cut-off time for Outgoing International Payments initiated by paper instruction is 11.00 a.m. in the account holding branch. The cut-off times for Outgoing International Payments initiated by electronic channels are available on the relevant channel.

    (7) When the ‘Shared’ charging option is used the AIB fees are paid by the AIB customer and all other charges (Intermediary and/or Receiver Bank charges) are paid by the Receiver. These Intermediary and/or Receiver's bank charges may be deducted from the payment amount before it is credited to the Receiver's Account. Therefore the full amount of the payment may not be credited to the Receiver’s account. An Intermediary Bank may not deduct its charges from the payment amount on a payment made in an EEA currency within the EEA.

    (8) Payment confirmations for Outgoing International Payments submitted via certain electronic channels (e.g. AIB Internet Banking, AIB Kiosk Banking, iBB etc.) are available to customers on their International Payment Log.

    (9) AIB Kiosk Banking is widely available across the AIB branch network and can be used with an AIB Debit Card and PIN.

    (10) Paper application forms are available at your local branch or to download on www.aib.ie

    *Paylink Euro payments are subject to EU Regulation 2560 which requires Irish banks to charge the same price for an International Payment in euro within the EEA as they charge for an equivalent euro payment within Ireland.

    The Receiver’s Bank may, subject to agreement with the Receiver, deduct their fee from the payment amount before they credit the Receiver’s Account. Under EU legislation Intermediary (Agent) Banks may not deduct any charges from Paylink Euro payments to EEA** destinations. Intermediary (Agent) Banks or the Receiver’s Bank may charge where amendments/investigations/cancellations to payment instructions are requested.


    **EEA= EU Member States and Norway, Iceland and Liechtenstein.

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    What countries can I send Paylink Euro payments to?

    sepa-countries

     

    Paylink Euro payments may be sent to any EU Member state, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland. The Republic of Ireland is excluded for Outgoing International Payments. A full listing of applicable countries is provided in the following table:

     

    Austria
    Belgium
    Bulgaria
    Croatia
    Cyprus
    Czech Republic
    Denmark
    Estonia
    Finland
    France
    Germany
    Greece
    Hungary
    Iceland
    Ireland
    Italy
    Latvia
    Liechtenstein
    Lithuania
    Luxembourg
    Malta
    Monaco
    Netherlands
    Norway
    Poland
    Portugal
    Romania
    San Marino
    Slovak Republic
    Slovenia
    Spain
    Sweden
    Switzerland
    UK (including Northern Ireland)   

     

    NOTE: There are a number of additional locations where the EU regulation applies by virtue of the fact that these regions come under the jurisdiction of an EU member state. These tend to change periodically. Currently, they include Azores, Canaries, Ceuta, French Guiana, Gibraltar, Guadeloupe, Martinique, Madeira, Mayotte, Melilla and Reunion, Saint Barthelemy, Saint Martin, Saint Pierre et Miquelon.

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    What is a Paylink payment?

    Paylink payments can be sent in all major currencies to most destinations world-wide.

    Please note that when sending Euro payments to countries within the EEA the Paylink Euro Product should be used when the account being debited is a Euro account.

    Product/ Service Features Standard Charge Paper Instruction Standard Charge Electronic Instruction
     Standard
    • Non urgent payment from euro or currency account, excluding those that qualify as Paylink Euro
    • Any amount (1) in major currencies to most destinations worldwide (11)
    • Acceptable Unique Identifiers(3) for all payments are:
      • IBAN of the Receiver and
      • BIC of the Receiver’s Bank OR
      • Bank Account Number of the Receiver
      • Bank Code of the Receiver’s Bank and
      • BIC of the Receiver’s Bank OR
      • Bank Account Number of the Receiver
      • Bank Code of the Receiver’s Bank and
      • Receiver’s Bank full Name and Address

     

    • Execution timeframes for:
      • EEA currency(12) payments to EEA(13) countries: a minimum(4) of 2 business days and a maximum(5) of 4 business days, subject to cut off times(6)
      • All other payments: a minimum(4) of 2 business days, subject to cut off times (6)
    • Charging Options:
      • Shared(7): mandatory for all EEA currency(12) payments to SEPA zone(2) destinations, where the currency of the Sender’s account and payment currency are the same, i.e. no currency conversion
      • ‘Sender’(14): can only be used for EEA currency(12) payments to SEPA zone(2) destinations, where the currency of the Sender’s account is not the same as the payment currency, i.e. there is a currency conversion
      • Charges ‘Shared’(7) and ‘Sender’(14) can be selected on all other payments
    • Sender’s message for the Receiver option available
    • Payment confirmation available upon execution(8)
    • Can be made
      • Electronically, e.g. iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking(9) and iBB's Payment File Service OR
      • By standard Paylink paper application form (Purple Form)(10)
    €20  €15
    Urgent
    • Urgent payment from euro or currency account, excluding those that qualify as Paylink Euro
    • Any amount(1) in major currencies to most destinations worldwide(11)
    • Acceptable Unique Identifiers(3) for all payments are:
      • IBAN of the Receiver and
      • BIC of the Receiver’s Bank OR
      • Bank Account Number of the Receiver
      • Bank Code of the Receiver’s Bank and
      • BIC of the Receiver’s Bank OR
      • Bank Account Number of the Receiver
      • Bank Code of the Receiver’s Bank and
      • Receiver’s Bank full Name and Address
    • Execution time frames for:
      • Euro or GBP payments to EEA(13) countries: a minimum(4) of same business day and a maximum(5) of 4 business days subject to cut off times(6)
      • Euro or GBP payments to non EEA(13) countries: a minimum(4) of same business day, subject to cut off times(6)
      • CHF, CZK, DKK, HUF, NOK, PLN or SEK payments to EEA(13) countries: a minimum(4) of 1 business day and a maximum(5) of 4 business days, subject to cut off times(6)
      • CHF, CZK, DKK, HUF, NOK, PLN or SEK payments to non EEA(13) countries: a minimum(4) of 1 business day, subject to cut off times(6)
      • USD and CAD(15): a minimum(4) of same business day, subject to cut off times(6)
    • Charging Options:
      • ‘Shared’(7) mandatory for all EEA currency(12) payments to SEPA zone(2) destinations, where the currency of the Sender’s account and payment currency are the same, i.e. no currency conversion.
      • ‘Sender’(14) can only be used for EEA currency(12) payments to SEPA zone(2) destinations, where the currency of the Sender’s account is not the same as the payment currency, i.e. there is a currency conversion.
      • Charges ‘Shared’(7) and ‘Sender’(14) can be selected on all other payments
    • Sender’s message for the Receiver option available
    • Payment confirmation available upon execution(8)
    • Can be made:
      • Electronically, e.g. iBusiness Banking, AIB Internet Banking and AIB Kiosk Banking(9) OR
      • By standard Paylink paper application form (Purple Form)(10)
    €32  €22.50

     

    Footnotes

    (1) The maximum amount that may be transferred may be restricted by limits applying to AIB’s delivery channels.
    (2) SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland. Ireland is excluded as a destination country for Paylink Euro payments on all electronic payment channels.  It is available as a destination country for payments processed at AIB Branches on the Paylink Euro Application form (Green Form).
    (3) Unique Identifier is the information required to identify the bank account of the Receiver when processing a payment (for example the IBAN of the Receiver and the BIC of the Receiver’s Bank). For all Outgoing International Payments, AIB recommends using the IBAN of the Receiver’s Bank Account and the BIC of the Receiver’s Bank. When making Outgoing International Payments to Albania, Israel, Jordan, Kuwait, Lebanon, Pakistan, Qatar, Saudi Arabia, Turkey or United Arab Emirates, the IBAN of the Receiver is mandatory and must be used with either the BIC of the Receiver’s Bank or the Receiver’s Bank full name and address.
    (4) AIB’s minimum execution timeframes for payments are indicative only. AIB does not guarantee that the payment will reach the Receiver Bank within the indicated execution timeframe. Delivery times may vary. AIB is not responsible for failure of the Receiver Bank to pass on the payment to the Receiver. Whilst AIB will process your payment requests in a timely manner, please note that due to local banking practices in certain regions of the world such as Africa, South America, the Caribbean and areas of the Middle East and Asia, delivery times and service may vary. 
    (5) AIB’s maximum execution timeframes for payments represent the maximum execution cycle permitted by law for payments in EEA currencies within the EEA. The actual execution timeframes are more likely to be reflected by the minimum execution cycles indicated. An additional day is allowed for payments instructed on paper. 
    (6) The cut-off time for Outgoing International Payments initiated by paper instruction is 11.00 a.m. in the account holding branch. The cut-off times for Outgoing International Payments initiated by electronic channels are available on the relevant channel. 
    (7) When the ‘Shared’ charging option is used the AIB fees are paid by the AIB customer and all other charges (Intermediary and/or Receiver Bank charges) are paid by the Receiver. These Intermediary and/or Receiver's bank charges may be deducted from the payment amount before it is credited to the Receiver's Account. Therefore the full amount of the payment may not be credited to the Receiver’s account. An Intermediary Bank may not deduct its charges from the payment amount on a payment made in an EEA currency within the EEA. 
    (8) Payment confirmations for Outgoing International Payments submitted via certain electronic channels (e.g. AIB Internet Banking, AIB Kiosk Banking, iBB etc.) are available to customers on their International Payment Log. 
    (9) AIB Kiosk Banking is widely available across the AIB branch network and can be used with an AIB Debit Card and PIN. 
    (10) Paper application forms are available at your local branch or to download from this website. e delivery channel.
    (11) The currencies and destinations available for sending International Payments may differ depending on the delivery channel.
    (12) EEA currencies include the following: EUR - euro, GBP - Pound Sterling, CHF - Swiss Franc, CZK - Czech Koruna, DKK - Danish Krone, HUF - Hungarian Forint, NOK - Norwegian Krone, PLN - Polish Zloty, SEK - Swedish Krona. NOTE: EEA currencies available for sending International Payments may differ depending on the delivery channel. The following EEA currencies are not currently available for sending/receiving international payments. They are BGN - Bulgarian Lev, ISK - Icelandic Krona and RON - Romanian Leu. 
    (13) EEA = EU Member States and Norway, Iceland and Liechtenstein. 
    (14) When the ‘Sender’ charging option is used the AIB fees and all other Intermediary and/or Receiver Bank charges are paid by the AIB customer. AIB will debit the Sender’s account with such Intermediary and/or Receiver Bank charges upon receipt of a bill or claim from these banks. This can occur some time after the payment was actually executed by AIB. 
    (15) CAD - Canadian Dollar, USD - US Dollar.

    For payments in EEA* currencies within the EEA, the Receiver’s Bank may, subject to agreement with the Receiver, deduct their fee from the payment amount before they credit the Receiver’s Account.

    Under EU legislation Intermediary (Agent) Banks may not deduct any charges from Paylink payments in EEA currencies within the EEA. Intermediary (Agent) Banks or the Receiver’s Bank may charge where amendments/investigations/cancellations to payment instructions are requested.

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    What currencies can be used when making a Paylink payment?

     

    The following are the currencies available for making payments using the Paylink (Standard and Urgent) forms. Please note that the currencies available may differ depending on the delivery channel used.

     

    Code  Currency Paylink Standard  Paylink Urgent
    AED United Arab Emirates Dirham Yes  
    AUD Australian Dollar Yes  
    CAD Canadian Dollar Yes Yes
    CHF Swiss Franc Yes Yes
    CZK Czech Koruna Yes Yes
    DKK Danish Krone Yes Yes
    EUR Euro Unit Yes Yes
    GBP GBP Pound Yes Yes
    HKD Hong Kong Dollar Yes  
    HUF Hungarian Forint Yes Yes
    INR Indian Rupee Yes  
    ILS New Israeli Shekel Yes  
    JPY Japanese Yen Yes  
    KWD Kuwaiti Dinar Yes  
    MXN Mexican Peso Yes  
    NOK Norwegian Krone Yes Yes
    NZD New Zealand Dollar Yes  
    OMR Omani Rial Yes  
    PHP Philippine Peso Yes  
    PLN Polish Zloty Yes  Yes
    QAR Qatari Rial Yes  
    SAR Saudi Riyal Yes  
    SEK Swedish Krona Yes Yes
    SGD Singapore Dollar Yes  
    THB Thai Baht Yes  
    TRY Turkish Lira Yes  
    USD US Dollar Yes Yes
    ZAR South African Rand Yes  

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    What are the currency cut-off times for Outgoing International Payments in AIB?

    The cut-off times for Outgoing International Payments made on paper application forms is 11.00a.m. in the account holding branch. The cut off times for Outgoing International Payments made on electronic channels are available on the relevant channel.

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    What information do I need to make an Outgoing International Payment?

    In order to ensure that your Outgoing International Payment is made correctly you should have the following minimum information:

    a) The name and address of the Receiver to whom you are transferring the funds

    b) Either the BIC or the full name and address of the foreign bank branch at which the Receiver maintains their bank account

    c) The International Bank Account Number (IBAN) or normal bank account number of the Receiver’s Account with the foreign bank

    d) The national bank code (where available) of the bank branch at which the Receiver’s Account is maintained. This is not required if an IBAN is provided.

    IBAN is mandatory for all international euro payments to SEPA countries*. IBAN and BIC are recommended for use on all payments where they are available.

    For SEPA payments you will need to provide the IBAN. BIC is no longer mandatory for SEPA payments.

    *SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland.

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    What Bank Account information do I need when sending a payment to a specific country abroad?

    When making Outgoing International Payments it is important that you provide complete and accurate information relating to the Receiver and the Receiver's Account. For information on country specific formatting requirements, please click here.

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    Tips to ensure that your payment reaches the Receiver

    • Ensure you provide the full name of the Receiver on each payment and when required, the Receiver's address
    • Ensure that the name and address of the Receiver matches exactly with the details held by the Receiver’s Bank
    • Ensure that the Receiver’s account number is correct and the account type can accept payments
    • For paper payments, ensure that your instructions are legible/clear so the branch official has no problems reading and inputting the details
    • If possible, use AIB Internet Banking for making payments for under €5k
    • Alternatively use Branch Kiosks in your local branch for making payments under €5k
    • We recommend using the BIC of the Receiver’s Bank and IBAN of the Receiver for all international payments. Please note for SEPA payments IBAN is mandatory. BIC is no longer mandatory for SEPA payments
    • For Payments outside the EEA, please ensure that if the Receiver’s Bank BIC is not available, that the full name and address of the Receiver’s Bank is provided and is correct
    • For country specific formatting requirements for your international payments refer to the previous question ‘What Bank Account information do I need when sending a payment to a specific country abroad?
    • Always include the ultimate beneficiary bank details in the Receiver’s Bank fields if given 2 or more sets of bank details from the Receiver

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Incoming International Payments.

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    What is an InPay Euro payment?

    InPay Euro payments are incoming payments in euro from SEPA zone countries.

    Product/ Service Features Standard Charge
    InPay Euro
    • Euro payments only
    • Originated from a SEPA zone (1) country only
    • Unique Identifier (2)(4) is:
      • IBAN of the Receiver and
      • BIC of the Receiver's Bank
    • Funds credited to the Receiver's Account on value date requested, subject to cut-off times (3).
    • Payment confirmation available the day following receipt
     €0.00

    Footnotes
    (1) SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland.

    (2) Unique Identifier is the information required to identify the bank account of the Receiver when processing a payment (for example the IBAN of the Receiver and the BIC of the Receiver’s Bank).

    (3)For information on the cut-off times for Incoming International Payments please click here.

    (4) Payments received with incomplete or incorrect Unique Identifier may be returned to the Sending Bank and a return fee may be deducted from the original payment amount.

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    What is an InPay Global Payment?

    InPay Global payments are all payments that do not qualify as InPay Euro payments, i.e. for payments in all major currencies from most countries worldwide.

     

    Product/ Service Features Standard Charge  
    InPay Global
    • Any amount, in major currencies
    • Acceptable Unique Identifiers (1)(4) are
      • IBAN of the Receiver and
      • BIC of the Receiver's Bank OR
      • Bank Account Number of the Receiver and
      • NSC(2) of the Receiver's Bank
    • Funds credited to the Receiver's Account on value date requested, subject to cut-off times (3).
    • Payment confirmation available the day following receipt issues

    Amounts less than or equal to €127

    €0.00 

    Amounts greater than €127

    €6.35  

    Footnotes
    (1) Unique Identifier is the information required to identify the bank account of the Receiver when processing a payment (for example the IBAN of the Receiver and the BIC of the Receiver’s Bank).

    (2) The National Sort Code (NSC) is the six-digit number which identifies a bank and branch within Ireland at which an account is held. NSCs appear on bank statements.

    (3) For information on the cut-off times for Incoming International Payments please click here.

    (4) Payments received with incomplete or incorrect Unique Identifier may be returned to the Sending Bank and a return fee may be deducted from the original payment amount.

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    What information should I supply to the Sender of an Incoming International Payment?

    In order to ensure that any Incoming International Payment is made correctly to your account you should provide the following minimum information to the Sender:

    a) AIB’s BIC which is AIBKIE2D.
    b) The International Bank Account Number (IBAN) of your account with AIB. This number is available on your bank account statement.

    IBAN is mandatory for all international euro payments from SEPA countries*. IBAN and BIC are recommended for use on all payments where they are available.

    *SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland

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    What happens if the Account information on an Incoming International Payment is incorrect or incomplete?

    In accordance with the Payment Services Directive (PSD) which passed into Irish Law on 1st November 2009, Incoming International Payments will only be applied to the Receiver’s Account once the IBAN or NSC and Account Number is specified on the payment instruction from the Sending bank.  Therefore it is important to ensure that the Sender of the payment is supplied with the correct account information. Payments received with incomplete account information may be automatically returned to the Sending bank.

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    What are the cut-off times for Incoming International Payments in AIB?


    Cut-Off Times for receipt of payments from
    Sepa Zone(1) and Other EEA Currencies (Subject to value date requested on the payment)

     

    Currency Code        

     Currency Name

    Cut-off time for receipt of payment (GMT)

    New Cut-off time for receipt of payment (GMT)

    Value applied to payments
    received prior to cut-off time

    Change Effective Date From

    EUR

    Euro

          15:45

    15:45

    SDV*

    N/A

    GBP

    Sterling

          13:30

    16:00

    SDV*

    02/11/2017

    CHF

    Swiss Franc

          14:30

    15:30

    SDV*

    07/11/2017

    CZK

    Czech Koruna

          13:30

    15:30

    SDV*

    07/11/2017

    DKK

    Danish Krone

          14:30

    15:30

    SDV*

    07/11/2017

    HUF

    Hungarian Forint

          13:30

    15:30

    SDV*

    07/11/2017

    NOK

    Norwegian Krone

          14:30

    15:30

    SDV*

    07/11/2017

    PLN

    Polish Zloty

          13:30

    15:30

    SDV*

    07/11/2017

    SEK

    Swedish Krona

          14:30

    15:30

    SDV*

    07/11/2017

     

    Cut-Off Times for receipt of payments in non-Sepa currencies (Subject to value date requested on the payment)

     

    Currency Code        

     Currency Name

    Cut-off time for receipt
    of payment (GMT)

    New Cut-off time for receipt of payment (GMT)

    Value applied to payments
    received prior to cut-off time

    Change Effective Date From

    AED

    UAE Dirham

        12.30

    14:00

     SPOT*

    19/10/2017

    AUD

    Australian Dollar

        11.00

    15:00

     NDV*

    26/10/2017

    CAD

    Canadian Dollars

        13.30

    14:30

     SDV*

    09/11/2017

    HKD

    Hong Kong Dollar

        16.00

    13:00

     NDV*

    05/10/2017

    ILS

    Israeli Shekel

        12.30

    14:00

     SPOT*

    19/10/2017

    INR

    Indian Rupee

        12.30

    14:00

     SPOT*

    19/10/2017

    JPY

    Japanese Yen

        11:00

    15:00

     NDV*

    26/10/2017

    KWD

    Kuwaiti Dinar

        12.00

    14:00

     SPOT*

    19/10/2017

    MXN

    Mexican Peso

        16.00

    16:00

     SPOT*

    N/A

    NZD

    New Zealand Dollar

        11.00

    15:00

     NDV*

    25/10/2017

    OMR

    Omani Rial

        12.00

    14:00

     SPOT*

    19/10/2017

    PHP

    Philippine Peso

        12.30

    12:00

     SPOT*

    15/11/2017

    QAR

    Qatari Rial

        12.00

    14:00

     SPOT*

    19/10/2017

    SAR

    Saudi Arabian Riyal

        12.30

    14:00

     SPOT*

    19/10/2017

    SGD

    Singapore Dollar

        16.00

    13:00

     NDV*

    05/10/2017

    THB

    Thai Baht

        16.00

    16:00

     SPOT*

    N/A

    TRY

    Turkish Lira

        12.00

    14:30

     NDV*

    05/10/2017

    USD

    US Dollar

        16.00

    16:00

     SDV**

    N/A

    ZAR

    South African Rand

        11.00

    15:00

     NDV*

    26/10/2017

     

    (1)  SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland.     Other  EEA currencies, supported by AIB, are:  CHF - Swiss Franc,  CZK – Czech Koruna,  DKK –Danish Krone,  HUF – Hungarian Forint,  NOK – Norwegian Krone,  PLN – Polish Zloty,  SEK – Swedish Krona.

     

    SPOT*=  2 working days
    SDV*  =  Same Day Value

     

    NDV*  =  Next Day Value

    Please note that currency payments received after the cut-off time for that currency will receive value 1 day later than the value applied to payments received prior to cut-off time.

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