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Christmas and Year End 2013 Payment Information

Please find details of our Christmas and End of Year cut off times for processing payment transfers to other banks via AIB Phone & Internet, Tablet and Mobile Banking and the Card Kiosks.

Domestic Payments

Payments made to other Financial Institutions within Ireland have the following cut off times:

Date Payment made before
With Beneficiary Bank
24th December 2013 12pm (under 5k) Same Day
Midnight 30th December 2013
25th December 2013 Anytime 31st December 2013
26th December 2013 Anytime 31st December 2013
27th December 2013 Anytime 31st December 2013
30th December 2013 12pm (under 5k) Same Day
Midnight 31st December 2013
31st December 2013 12pm (under 5k) Same Day
Midnight 2nd January 2014

International Payments

Minimum execution timeframes for processing outgoing International Payments over Christmas and the New Year will vary due to Bank Holidays and non-business days in Ireland and in other countries.

International Payments should be submitted at the latest by Friday 20th December 2013, subject to standard cut off times to ensure receipt by the receiving bank prior to year end.

International payments cannot be processed on Wednesday 25th December 2013, Thursday 26th December 2013, Friday 27th December 2013 and Wednesday 1st January 2014.

Please consider the impact that the Bank Holidays will have on your payments and ensure that they are submitted early to avoid any potential delays.

Paylink Euro Standard payments to Sepazone countries processed prior to 4pm on a business day will be with the beneficiary bank the following business day.

Latvia Adopting the Euro
From 1st January 2014, Latvia will adopt the euro as their national currency. In preparation for this, AIB will cease the processing of International Payments in Latvian Lats (LVL) from the following dates in December 2013:

International Payment Product Last date for processing transactions in Latvian Lats Customer Alternative from 19th December 2013
Outgoing International Payments Wednesday 18th December 2013 Outgoing International Payment in euro currency i.e. Paylink Euro
Incoming International Payments Wednesday 18th December 2013 Incoming International Payment in euro currency

Mandatory IBAN (International Bank Account Number) Notice for International Payments to Kuwait and Qatar.
With effect from 1st January 2014, you will be required to provide the IBAN of the Receiver when making a Paylink (Standard or Urgent) payment Kuwait or Qatar. This will be a mandatory requirement. Failure to provide the IBAN may result in your payment being cancelled.

We recommend that the IBAN is used in conjunction with the BIC (Bank Identifier Code) of the receiver's bank to ensure correct identification of the receiver's bank branch and their account number within that branch. Please refer to the below table for the respective IBAN formatting requirements for Kuwait and Qatar.

Country Format of Beneficiary Bank Account Number Example of IBAN
Kuwait IBAN - 30 alphanumeric characters KW81CBKU0000000000001234560101
Qatar IBAN - 29 alphanumeric characters QA58DOHB00001234567890ABCDEFG

Please contact your business partners or other payees in these countries to obtain their correct IBAN account information and BIC details before initiating any payments.

Further detailed information on country specific unique identifiers required when making international payments is available on by searching for 'Country Specific Receiver Bank'

Important: Failure to provide the IBAN account information may result in your payment being cancelled.

* Some banks may apply funds to the beneficiary account prior to the stated date above.

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