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International Payments FAQs

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 13.00 hours can be processed to go to the Receiver on the same business day. If it is received after 13.00 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 change are subject to change at any time.

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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.

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 and Switzerland.

Product Description & Pricing

Product/ Service	Features	Standard Charge Paper Instruction	Standard Charge Electronic Instruction
Paylink Euro
Standard	Non-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 1 business day and a maximum⁽⁵⁾ of 3 business days Charging Option ‘Shared’⁽⁶⁾ is mandatory Sender’s message for the Receiver option available Payment confirmation issued following transaction⁽⁷⁾ Can be made: Electronically, e.g. iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking⁽⁸⁾ and AIB Credits Or By standard paper application form (Green Form I/FT8A c)⁽⁹⁾	Amounts less than or equal to €50,000*
		€0.75	€0.00
		Amounts greater than €50,000
		€20.00	€15.00
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 day business day a maximum⁽⁵⁾ of 3 business days subject days (subject to cut off times)⁽¹⁰⁾. Charging Option ‘Shared’⁽⁶⁾ is mandatory Sender’s message for the Receiver option available Payment confirmation issued following transaction⁽⁷⁾ Can be made: Electronically, e.g. iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking⁽⁸⁾ Or By standard paper application form (Green Form I/FT8A c)⁽⁹⁾	Amounts less than or equal to €50,000*
		€25.00	€12.70
		Amounts greater than €50,000
		€32.00	€22.50

Footnotes
⁽¹⁾ The maximum amount that may be transferred may be restricted by limits applying to AIB’s electronic channels.
⁽²⁾ SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway and Switzerland. Ireland is excluded as a destination country for Paylink Euro payments but is included for receipt of Incoming International Payments.
⁽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.
⁽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⁾ 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.
⁽⁷⁾ Payment confirmations for Outgoing International Payments submitted via certain electronic channels (e.g. AIB Internet Banking, AIB Kiosk Banking etc.) are available to customers on their International Payment Log.
⁽⁸⁾ AIB Kiosk Banking is widely available across the AIB branch network and can be used with an AIB Debit Card and PIN.
⁽⁹⁾ Available at your local branch or to download from this website..
⁽¹⁰⁾ 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.

*Paylink Euro payments for amounts up to €50,000 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.

What countries can I send Paylink Euro payments to?

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

Please click here to see map of countries.

Austria

Belgium

Bulgaria

Cyprus

Czech Republic

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Iceland

Italy

Latvia

Liechtenstein

Lithuania

Luxembourg

Malta

Monaco

Netherlands

Norway

Poland

Portugal

Romania

Slovak Republic

Slovenia

Spain

Sweden

Switzerland

UK (including Northern Ireland)

NOTE: There are a number of additional SEPA destinations where Paylink Euro may be sent. These tend to change periodically. Currently they include Azores, Canaries, Ceuta, Japanese Guiana, Gibraltar, Guadeloupe, Martinique, Madeira, Melilla and Reunion.

What is a Paylink payment?

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

Product Description & Pricing

Product/ Service	Features	Standard Charge Paper Instruction	Standard Charge Electronic Instruction
Paylink
Standard	Non urgent payment from euro or currency account Any amount ⁽¹⁾ in major currencies to most destinations worldwide ⁽¹¹⁾ Unique Identifier⁽³⁾ for all euro currency payments to SEPA zone ⁽²⁾ countries is IBAN of Receiver and BIC of Receiver’s Bank Acceptable Unique Identifiers⁽³⁾ for all other 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⁽¹⁰⁾ All other payments: a minimum⁽⁴⁾of 2 business days, subject to cut off times ⁽¹⁰⁾ Charging Options: ‘Shared’⁽⁶⁾: 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’⁽⁶⁾ and ‘Sender’*⁽¹⁴⁾ can be selected on all other payments Sender’s message for the Receiver option available Payment confirmation issued following transaction⁽⁷⁾ Can be made Electronically, e.g. iBusiness Banking, AIB Internet Banking, AIB Kiosk Banking⁽⁸⁾ and AIB Credits Or By standard paper application form (Purple Form I/FT8 b)⁽⁹⁾	€20	€15
Product/ Service	Features	Standard Charge Paper Instruction	Standard Charge Electronic Instruction
Urgent	Urgent payment from euro or currency account Any amount⁽¹⁾ in major currencies to most destinations worldwide⁽¹¹⁾ Unique Identifier⁽³⁾ for all euro currency payments to *SEPA zone⁽²⁾ countries is: IBAN of the Receiver and BIC of the Receiver’s Bank Acceptable Unique Identifiers⁽³⁾ for all other 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⁽¹⁰⁾ Euro or GBP* payments to *non EEA⁽¹³⁾ countries: a minimum⁽⁴⁾ of same business day, subject to cut off times⁽¹⁰⁾ 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⁽¹⁰⁾ 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⁽¹⁰⁾ USD and CAD^(15): a minimum⁽⁴⁾ of same business day, subject to cut off times⁽¹⁰⁾ Charging Options: ‘Shared’⁽⁶⁾ 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’⁽⁶⁾ and ‘Sender’*⁽¹⁴⁾ can be selected on all other payments Sender’s message for the Receiver option available Payment confirmation issued following transaction⁽⁷⁾ Can be made: Electronically, e.g.iBusiness Banking, AIB Internet Banking and AIB Kiosk Banking⁽⁸⁾ Or By standard paper application form (Purple Form I/FT8 b)⁽⁹⁾	€32 €22.50

(1) The maximum amount that may be transferred may be restricted by limits applying to AIB’s electronic channels.
(2) SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway and Switzerland.. Ireland is excluded as a destination country for Paylink Euro payments but is included for receipt of Incoming International Payments.
(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.
(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) 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.
(7) Payment confirmations for Outgoing International Payments submitted via certain electronic channels (e.g. AIB Internet Banking, AIB Kiosk Banking etc.) are available to customers on their International Payment Log.
(8) AIB Kiosk Banking is widely available across the AIB branch network and can be used with an AIB Debit Card and PIN.
(9) Paper application forms are available at your local branch or to download from this website.
(10) 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.
(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, LVL - Latvian Lat, LTL - Lithuanian Litas, 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.

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

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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
LTL	Lithuanian Litas	Yes
LVL	Latvian Lat	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

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

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

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.

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 BIC and IBAN are mandatory for all Euro payments to EEA destinations
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 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

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⁾ 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 issued following transaction

Amounts less
than or equal to
€50,000

€0.00

Amounts greater than
€50,000

€6.35

Footnotes
(1) SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway 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

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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⁾ 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 issued following transaction

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

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

*SEPA zone = EU Member States, Iceland, Liechtenstein, Monaco, Norway 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?

The cut-off times for Incoming International Payments are listed below.

Incoming International Payments – Cut off times

Cut-Off Times for receipt of payments in SEPA⁽¹⁾ currencies for same day processing

Euro	15.00 (GMT)
GBP (Sterling)	13.30 (GMT)
All other SEPA⁽¹⁾ currencies	09.00 (GMT)

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

Cut-Off Times for receipt of payments in non-SEPA currencies

Currency Code	Currency Name	Cut-off time for receipt of payment (GMT)	Value applied to payments received prior to cut-off time
AED	UAE Dirham	12.30	SPOT*
AUD	Australian Dollar	17.00	SPOT*
CAD	Canadian Dollars	13.30	SDV**
HKD	Hong Kong Dollar	16.00	SPOT*
ILS	Israeli Shekel	12.30	SPOT*
INR	Indian Rupee	12.30	SPOT*
JPY	Japanese Yen	17.00	SPOT*
KWD	Kuwaiti Dinar	12.00	SPOT*
MXN	Mexican Peso	16.00	SPOT*
NZD	New Zealand Dollar	17.00	SPOT*
OMR	Omani Rial	12.00	SPOT*
PHP	Philippine Peso	12.30	SPOT*
QAR	Qatari Rial	12.00	SPOT*
SAR	Saudi Arabian Riyal	12.30	SPOT*
SGD	Singapore Dollar	16.00	SPOT*
THB	Thai Baht	16.00	SPOT*
TRL	Turkish Lira	12.00	SPOT*
USD	US Dollar	16.00	SDV**
ZAR	South African Rand	17.00	SPOT*

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

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

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Tel: + 353 16600311 Registered in Ireland : Registered No. 24173. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995

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