SEPA Instant Bulk Payments
SEPA Instant Bulk Payments are now available for business customers. Please view SEPA Instant Bulk Payments for more details, including guidance on deciding whether this service is suitable for your business needs and how to apply.
Important upcoming changes to bulk payments
ISO 20022
ISO 20022 is the new standard for payments and will help to improve the efficiency of your payments.
Address format changes are included in the new file specifications.
Your payment files should be in line with ISO 20022 Version 9 for SEPA Credit Transfers and Multi-Currency files and Version 8 for SEPA Direct Debit files.
The November 2026 deadline for moving to the new ISO 20022 file formats and address requirements has been postponed.
You can continue using your existing file format and unstructured address for now, but you should continue preparing for the move to the new ISO 20022 format. We will tell you when a new deadline is confirmed.
To make Bulk SEPA Instant Payments, keep using ISO 20022 Version 9 when submitting your files.
Find out more about ISO 20022.
Verification of Payee
Verification of Payee is an added security measure that lets you check the name on the account you are paying before making a payment.
For bulk payments this Verification of Payee service will let you check multiple payees through a portal which is provided by SurePay.
You'll need to register for access to the SurePay portal. For more information on how to register visit Verification of Payee.