The Bank Identifier Code (BIC), also known as the SWIFT Address, is the code necessary to send automated International Payments quickly and accurately to the banks concerned.
AIBs SWIFT Address / BIC is AIBKIE2D.
Based on payment instructions together with the receiver's International Bank Account Number (IBAN), the SWIFT Address / BIC facilitates streamlined processing of International payments.
The SWIFT Address / BIC is a mandatory requirement for EU regulated payments i.e. it must be included on Paylink Euro - standard and/or urgent payment instructions to avail of the lower pricing. SWIFT Addresses / BIC codes consist of either 8 or 11 alphanumeric characters and can be verified using the following website: www.swift.com/biconline
The 'International Bank Account Number' or 'IBAN' is a standard for quoting account numbers across Europe. The use of an IBAN and the beneficiary bank SWIFT address / BIC code (Bank Identifier Code) enables your international payment to be made automatically and ensures the correct identification of your receiver's bank account.
Making payments to Europe
The SWIFT Address / BIC and an IBAN are mandatory requirements for EU regulated payments. You must include this information on your Paylink Euro standard and/or urgent payment instructions to avail of the lower pricing. Please ask for these directly from the receiver before making an international payment.
From 1st January, 2007, the IBAN and SWIFT BIC information is mandatory for all international Euro payments to EU member states (including Romania and Bulgaria), Norway, Iceland, Liechtenstein and Switzerland.
How will the IBAN be identified?
An IBAN contains additional characters in front of a normal recipient domestic account number. These characters consist of a 2-letter country code followed by a 2-digit check number.
For Example: IBAN AT611904300234573201
Using IBAN on Payment Instructions
Please note that the IBAN in printed format (such as an invoice) is likely to be prefaced by the word IBAN e.g. IBAN AT611904300234573201
Find out more information on EU Regulated International Payments within Europe and a full listing of European Union Member States and other participating countries.
Lengths and formats of IBANs across Europe
There are standard lengths and formats of alphanumeric characters for IBANs in respect of each country - e.g. in Ireland, the standard is 22 characters. When completing payment instructions, please ensure that the receiver's IBAN corresponds in length to the IBAN length as indicated in the following table:
European IBAN Formats
|Country||Number of Characters||Example of IBANs per country|
|5. Czech Republic||24||CZ6508000000192000145399|
|26. Slovak Republic||24||SK3112000000198742637541|
|30. United Kingdom
including Northern Ireland
Paylink Euro payments may be sent to an EU Member state, Norway, Iceland and Liechtenstein. Republic of Ireland is excluded for international outgoing payments. A full listing of applicable countries is provided in the following table:
|UK (including Northern Ireland)|
The following are the currencies available for making transfers using the Paylink (Standard and Urgent) forms:
|Code   ||Currency   ||Paylink
|AED||United Arab Emirates Dirham   ||Yes|| |
|AUD||Australian Dollars||Yes|| |
|CYP||Cyprus Pound||Yes|| |
|GG||GBP Pound||Yes|| |
|HKD||Hong Kong Dollars||Yes|| |
|IM||GBP Pound||Yes|| |
|INR||Indian Rupee||Yes|| |
|ILS||New Israeli Shekel||Yes|| |
|JE||GBP Pound||Yes|| |
|JPY||Japanese Yen||Yes|| |
|MTL||Maltese Lire||Yes|| |
|NZD||New Zealand Dollars||Yes|| |
|PHP||Philippines Peso||Yes|| |
|SAR||Saudi Riyals||Yes|| |
|SGD||Singapore Dollars||Yes|| |
|THB||Thai Bahts||Yes|| |
|ZAR||South African Rands||Yes|| |
Generally International Payments will only be processed between 8:00 and 16:00 Monday to Friday.
The table below highlights which currencies can be sent using the various international payment product options and the cut-off times that apply.
Please be aware that these cut-off times are meant as a guide and may change. Whilst AIB will process your payment requests on receipt, please note that due to local banking practices in certain regions of the world such as Africa, South America, Caribbean and areas of the Middle East and Asia, delivery times and service standards may vary.
|AED||United Arab Emirates Dirham   || || ||12:00||N/A|
|AUD||Australian Dollars|| || ||15:30||N/A|
|CAD||Canadian Dollars|| || ||16:00||13:00|
|CHF||Swiss Francs|| || ||16:00||14:00|
|CYP||Cyprus Pound|| || ||12:00||N/A|
|CZK||Czech Koruna|| || ||16:00||13:00|
|DKK||Danish Krone|| || ||16:00||14:00|
|GBP||GBP Pound|| || ||16:00||13:00|
|HKD||Hong Kong Dollars|| || ||15:30||N/A|
|HUF||Hungarian Forints|| || ||16:00||13:00|
|INR||Indian Rupee|| || ||12:00||N/A|
|ILS||New Israeli Shekel|| || ||12:00||N/A|
|JPY||Japanese Yen|| || ||15:30||N/A|
|LVL||Latvian Lats|| || ||12:00||N/A|
|MTL||Maltese Lire|| || ||12:00||N/A|
|NOK||Norwegian Krone|| || ||16:00||14:00|
|NZD||New Zealand Dollars|| || ||15:30||N/A|
|PHP||Philippines Peso|| || ||12:00||N/A|
|PLN||Polish Zlotys|| || ||16:00||13:00|
|SAR||Saudi Riyals|| || ||12:00||N/A|
|SEK||Swedish Krona|| || ||16:00||14:00|
|SGD||Singapore Dollars|| || ||15:30||N/A|
|SKK||Slovak Koruna|| || ||16:00||13:00|
|THB||Thai Bahts|| || ||15:30||N/A|
|USD||US Dollars|| || ||16:00||15:30|
|ZAR||South African Rands|| || ||15:30||N/A|
Normally, the payment amount is entered on AIB Internet Banking in cents with no decimal point.
The exception to this is Japanese Yen (JPY) which should be input with no decimal places.
For example, 10 is entered in the form 1000, while 10 Japanese Yen should be entered in the form 10.
There are 2 types of International Payments that can be made on AIB Internet Banking
1. Paylink Euro
Paylink Euro payments are EU Regulated Euro international payments to an EU Member state (excluding Republic of Ireland) and Norway, Iceland or Liechtenstein. You may wish to select the 'Urgent' option if you need to payment to reach the receiver quickly.
Paylink payments can be sent in all major currencies to most destinations worldwide on an urgent or standard basis.
From 1st January, 2007, Paylink payments in euro currency to an EU member state (including Romania and Bulgaria), Norway, Iceland, Liechtenstein and Switzerland must quote the IBAN and SWIFT BIC information of the receiver of the payment.
Please note that all payments are subject to cut-off times
The status of your payments may be viewed in the International Payment Log, which can be found via the button at the bottom of the main 'international' screen or under 'account info' on the left-hand menu within Internet Banking.
International Payments can be made from a suitable account already set up on your AIB Internet Banking profile.
While inputting the Payment Form, there is a drop down option which will show you a list of the accounts that you can make International Payments from.
The maximum amount that may be transferred is limited in aggregate to 5,000 in any business day and the preceding non-business day period.
|Paylink (Standard and/or Urgent)||5000|
|Paylink Euro (Standard and/or Urgent)     ||5000     |
Paylink Euro - Standard and/or Urgent
Enter the payment amount in cents i.e. without a decimal point. For example 10 should be entered in the following format 1000.
Paylink - Standard and/or Urgent
Enter the payment amount in the currency you are sending without a decimal point and with decimal places. The exception to this is Japanese Yen (JPY), which should be input with no decimal places.
For example USD10 is entered in the form 1000, while 10 Japanese Yen is entered in the form 10.
You should only enter the name, address and Bank Identifier Code (BIC) details of the final receiving bank.
Paylink Euro payments are Euro international payments to an EU Member state, Norway, Iceland or Liechtenstein. These are subject to EU Regulation 2560/2001.
Product Description & Pricing
|Paylink Euro     |
* Please note that normal account transaction fees apply and the receiving bank may apply a fee on receipt of funds. Further details can be found in the most recent publication of the 'Schedule of international transaction charges (August 06) available at your local AIB branch.'
(1) EU/EEA = EU Member States and Norway, Iceland and Liechtenstein. Republic of Ireland is excluded for international outgoing payments.
(2) Incorrect or invalid IBAN or SWIFT ADDRESS / BIC information may result in payments being delayed, returned and/or incurring higher costs.
(3) Whilst we do our utmost to ensure that payments will be made on the value basis stated, we can only seek to ensure that the payments will be made to the beneficiary bank on this basis. We cannot be responsible for failure of the beneficiary bank to pass on the payment to the beneficiary.
All details of the international payment including the status, are available via the International Payments Log.
Paylink payments can be sent in all major currencies to most destinations world-wide on an urgent or standard basis.
Paylink payments may also be used for payments to Europe where the criteria for Paylink Euro cannot be met.
Product Description & Pricing
* Please note that normal account transaction fees apply and the receiving and/or intermediary bank may apply a fee on receipt of funds. Further details can be found in the most recent publication of the 'Schedule of international transaction charges (August 06) available at your local AIB branch.'
(1) Whilst we do our utmost to ensure that payments will be made on the value basis stated, we can only seek to ensure that the payments will be made to the beneficiary bank on this basis. We cannot be responsible for failure of the beneficiary bank to pass on the payment to the beneficiary.
All details of the international payment including the status, are available via the International Payments Log.
No, the routing of an international payment is not specified by the sender of the payment. The payment routing for International Payments is determined by AIB.
The status of a payment can be viewed in the International Payments Log.
This can be accessed by selecting the 'International Payments log' button from the main International Payments page under 'transfer money'. You can also access the international payment log under 'account info' within Internet Banking.
The International Payment Log holds a status history and details of the International Payments you have submitted to AIB for processing.
|Pending||AIB has received the payment but processing of the payment has not commenced|
|Being Processed||AIB has received the payment and processing has commenced. The payment is awaiting confirmation|
|Complete||The payment has been processed and has been released by AIB. Please note that this does not mean that the funds have credited to the receiver's account by the receiving bank.|
|Unsuccessful||The payment has been rejected.|
|Returned||The payment has been returned from the receiving bank as they were unable to apply funds to the receiver's account|
'SP' stands for 'Sent Payment'. An SP reference is a unique bank reference that is applied to your payment once the instruction has been accepted for processing by International Payments Processing area. If you have any queries relating to International Payments, please ensure to quote the SP reference.
For any queries, please contact 1890 24 24 24 or if calling from outside the Republic of Ireland, please contact + 353 1 6670024.
You may re-use the payment details for a previously made international payment on the basis that the status of the payment is 'COMPLETE'.
The status of your International Payments may be viewed in the International Payment Log. If the international payment details that you wish to re-use have a 'COMPLETE' status you may select the 'RE-USE' button to the right of the payment.
You will be required to input the following information:
When you select the option to re-use a payment, you will be able to change the following information:
In the case where you want to cancel or make an amendment to the International payment (post-processing), we will endeavour to cancel and/or make an amendment to this instruction.
However, in the instance where you wish to cancel a payment that has been confirmed through AIB Internet Banking, there is no guarantee that this can be done, as the receiver will have to authorise the receiving bank to debit the funds from his / her account
Please see Useful Contacts below
We are unable to send payments to certain destinations. If the country you wish to send a payment to does not appear in the Country drop-down list in the payment input screen, please contact your local branch for more information.
The charges/fees for International Payments made via AIB Internet Banking are as follows:
|Payment Type||AIB Internet Banking||Paper Delivery||Payment Cycle|
|Paylink Euro - Standard||0.00||0.75||Minimum of 3-4 working days|
|Paylink Euro - Urgent||12.70||25.00||Soonest value subject to cut off times|
|Paylink - Standard||15.00||20.00||Minimum of 2-3 working days|
|Paylink - Urgent||22.50||32.00||Soonest value subject to cut off times|
* Please note that normal account transaction fees apply and the receiving and/or intermediary bank may apply a fee on receipt of funds. Further details can be found in the most recent publication of the Schedule of international transaction charges (August 06) available at your local AIB branch.
In addition, when submitting a payment using the Paylink Urgent product, and based on the information you provide, where possible AIB will endeavor to effect the payment through a more cost-effective method, which may be cheaper than the quoted payment price.
The savings available in making your payments electronically via AIB Internet Banking are illustrated in the following table:
|Payment Type||AIB Internet Banking||Paper Delivery|
|Paylink Euro - Standard||0.00||0.75|
|Paylink Euro - Urgent||12.70||25.00|
|Paylink - Standard||15.00||20.00|
|Paylink - Urgent||22.50||32.00|
Learn more about AIB Code Card
For any queries relating to International Payments on AIB Internet Banking, please contact 1890 24 24 24 or if calling from outside the Republic of Ireland, please contact + 353 1 6670024.