| eBanking lets you make a payment from one EEA member state to another. Visit our Payment Services Regulations Page and find out which countries are members of the EEA. When you make an EEA payment or transfer, you will need to know the payee's IBAN and SWIFT code.
Benefits and Features
Use eBanking and make your payments right now
Use eBanking and you can make a payment anytime. If a transfer or payment does not qualify as an EU payment, we will complete the transaction at the same price as other transfers. You and the payee pay separate fees.
When is a payment a European Communities Cross Border payment?
- The payment is in euros and for a maximum amount of €50,000
- The payment is to an EU member state or Norway, Iceland or Liechtenstein
- The payee's account number is specified in IBAN format
- The payment information includes the BIC/SWIFT code of the payee's bank
- The transfer type must be standard
- Distribution of costs must be shared; that is, the sender and payee share the costs
Prices and Conditions
All EEA payments of euros are free on eBanking. For payments processed via your branch, domestic payment prices will apply.
What if the transfer or payment does not qualify as an European Communities Cross Border payment?
If the payment does not qualify, we will complete the transaction at the same price as other transfers.
Information
Payments Regulations
The European Community (Payment Services) Regulations 2009 came into force on 1 November 2009 and replaced the previous regulations governing the handling of cross-border payments. The purpose of these regulations is to:
- Ensure transparency of information relating to payments (other than payments by cheque or draft) in euro or another currency of a member state of the European Community which originate from a Bank or other payment service provider within the European Economic Area (EEA).
- Set time limits for the execution of such payments.
- Attribute liability for delays and non-delivery of such payments.
- Require transparency of charges on such payments.
- The Regulations establish common core rights and obligations of users and providers of payment services.
The relevant features of the regulations are:
- An outward payment must be credited to the beneficiary institution within 3 Business Days (starting with the next working day) until the 1 January 2012 and thereafter within 1 Business Day; provided that all information required to instigate the transfer was provided.
- On receipt of an inward payment, the beneficiary institution has to credit its customer’s account immediately where the day of receipt is a Business Day for EEA currencies within the EEA and in all other cases on the next Business Day.
- Compensation is payable by a Bank tasked with processing a payment, in the event that the payment is delayed or not executed at all. Once an enquiry is made and it is established that the transfer is made later than it would have been or has not been executed, customers are entitled to claim compensation. A Bank must rectify the situation without undue delay. The amount of the payment must be refunded to the customer along with, where applicable, any interest compensation and any bank charges for the payment
- No compensation will be payable by a Bank if inaccurate details of the payee’s account were provided.
- A Bank must provide or make available certain information to its customers on the payment services it provides including information on any charges which it levies for payments. Business customers can agree with their Bank that the information (other than information on the charges levied for payments) need not be provided to them. However, the Bank cannot make any such agreement with personal customers. In addition, a Bank cannot charge more for a cross border payment transaction within the EEA in euro than the amount which it charges for a corresponding domestic payment in euro. This applies to cross border transfers of up to €50,000. (European Communities (Cross Border Payments in Euro) Regulation).
Fee Options
With some exceptions due to regulations (see table below), Customers can choose from three options when paying fees on an international transfer:
SHA - The customer pays fees charged by National Irish Bank and the beneficiary pays fees levied by their bank including any correspondent banks
BEN - The customer's fee levied by National Irish Bank is charged to the beneficiary
OUR - the customer pays the fees levied by National Irish Bank and the beneficiary’s fees including any correspondent banks’ fees. If Danske Bank knows the other bank’s fee, this will be charged on the day of the transaction. If not, the fee will be applied at a later stage.
Fee Options | Payments to EU/EEA Countries | Payments to Other Countries |
EU/EEA-currencies without conversion,
e.g. EUR debited to a EUR-account |
SHA |
SHA, OUR, BEN |
EU/EEA-currencies with conversion,
e.g. SEK debited to a DKK-account | SHA, OUR | SHA, OUR, BEN |
Non EU/EEA currencies | SHA, OUR, BEN | SHA, OUR, BEN |
Further information on these regulations can be obtained from your branch on enquiry. | | Read about the comprehensive range of services we offer to those involved in international trade in this brochure, which includes a list of fees & charges. |