Business On Line

Business On Line is the perfect choice for business customers with advanced electronic payment needs, requiring more functionality and greater control.

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Payment cut-off times

  • Cut-off times for ROI customers

    Domestic and SEPA Payments

    Payment Payment Cycle Cut-off time
    Domestic Account Transfers Same Day 5.00pm
    SEPA Payments* (to BOI Branch Accounts) Same Day 5.00pm
    SEPA Payments* (to BOI IBIS Accounts) Same Day 4.00pm
    SEPA Payments* (to Irish Accounts) Next Day 5.00pm
    SEPA Payments* (to EU zone) Next Day 5.00pm
    Business On Line Bulk Payments (Including Import) Next Day 3.30pm
    BOL Payments Plus Bulk Payments (Credit Files) Next Day 6.00pm
    International Account Transfer** Same Day 4.00pm
    SDMT (Urgent Euro BOI ROI to BOI ROI) Same Day 5.00pm
    SDMT (Urgent Euro BOI ROI to other domestic ROI Banks) Same Day 2.30pm

    International Excluding SEPA

    International Payments (Same Day)

    Payment Payment Cycle Cut-off time
    GBP Same Day 4.00pm
    USD Same Day 3.00pm
    EUR Same Day 2.30pm
    CAD Same Day 1.00pm

    International Payments (Non-Urgent)

    Payment Payment Cycle Cut-off time
    GBP Two Days 5.00pm
    USD Two Days 4.00pm
    AUD, CNY, CZK, HKD, HUF, JPY, NZD, SGD, ZAR Next Day 1.00pm
    DKK, NOK, PLN, SEK, CHF, TRY Next Day 5.00pm
    All euro payments outside the EU/EEA and all other non-euro payments Two Days+*** 4.00pm
    *The SEPA (Single Euro Payments Area) consists of the 28 EU member states, Iceland, Norway, Liechtenstein, Switzerland and Monaco.
    **An international account transfer is a payment between accounts registered on a single Business On Line profile where either the debit and/or credit account is a foreign currency account held in Bank of Ireland Global Markets within the ROI Jurisdiction.
    *** Exception is MAD, THB, INR, PHP and SAR – all three day payment cycles
  • Cut-off times for UK customers

    Domestic Payments

    Payment Payment Cycle Cut-off time
    Domestic Account Transfers Same Day 5.00pm
    Domestic Third Party Payment to Bank of Ireland UK Accounts (GBP) Same Day 5.00pm
    Domestic 3rd Party Payments to other UK banks (GBP) Next Day 5.00pm
    BACS (Including Import) +Two Days 5.00pm
    CHAPS (Urgent Sterling BOI UK to BOI UK) Same Day 5.00pm
    CHAPS (Urgent Sterling BOI UK to other domestic UK Banks) Same Day 4.00pm
    Cross Border Account Transfer* Same Day 4.00pm
    SEPA Payment Next Day 4.30pm
    *A cross border account transfer is a payment between accounts registered on a single Business On Line profile where either the debit and/or the credit account is a foreign currency account held in Bank of Ireland UK Global Markets within the GB or NI jurisdiction.

    International (Same day)

    Payment Payment Cycle New Cut-Off
    TIME EFFECTIVE
    20/04/21    		 EXTENSION
    FROM
    PREVIOUS CUT
    OFF TIME
    GBP Same Day 4.00pm –
    EUR Same Day 2.00pm –
    USD Same Day 2.00pm –
    CAD Same Day 1.00pm 1 day, 20 hours
    and 30 minutes

    International (Non Urgent)

    Payment Payment Cycle New Cut-Off
    TIME EFFECTIVE
    20/04/21    		 EXTENSION
    FROM
    PREVIOUS CUT
    OFF TIME
    GBP Next Day 4.30pm –
    EUR Next Day 4.30pm –
    USD Next Day 4.30pm 1 day
    CHF, DKK, NOK,
    PLN, SEK & TRY    		 Next Day 3.30pm 23 hours
    AUD, CZK, HKD,
    HUF, JPY, NZD, SGD
    & ZAR    		 + 2 days 5.00pm 30 minutes
    HRK & AED + 2 days 4.30pm –
    INR, MAD, PHP,
    SAR & THB    		 + 3 days 4.30pm –
  • Bank Holidays 2023-2024

    Please Note that when a Bank Holiday occurs it is a Non-Input, Non-Processing and Non-Payment Date.

    To ensure that your file is paid on time you must send through your file a day earlier than normal when a Bank Holiday Occurs.

    Date ROI NI GB
    Monday 25th December 2023 YES YES YES
    Tuesday 26th December 2023 YES YES YES
    Wednesday 27th December 2023 YES YES NO
    Monday 1st January 2024 YES YES YES
    Monday 5th February 2024 YES NO NO
    Monday 18th March 2024 YES YES NO
    Friday 29th March 2024 YES YES YES
    Monday 1st April 2024 YES YES YES
    Monday 6th May 2024 YES YES YES
    Monday 27th May 2024 NO YES YES
    Monday 3rd June 2024 YES NO NO
    Friday 12th July 2024 NO YES NO
    Monday 5th August 2024 YES NO NO
    Monday 26th August 2024 NO YES YES
    Monday 28th October 2024 YES NO NO
    Wednesday 25th December 2024 YES YES YES
    Thursday 26th December 2024 YES YES YES
    Friday 27th December 2024 YES YES NO
    Wednesday 1st January 2025 YES YES YES
  • 1st May 2024 - Impacts to Payment Processing for ROI Customers

    Wednesday May 1st 2024 is a Bank Holiday in many EU countries, but not in Ireland. This means that the official European Euro settlement mechanisms are closed on this day.

    As a result there are some changes to the timelines associated with processing the below payment types on Wednesday 1st May:

    1. Same Day Domestic Interbank payments i.e. SDMT
    2. SEPA payments
    3. Same Day Euro to EU/EEA countries

    Please note that despite payment impacts, for same day domestic and same day euro payments to EU/EEA countries, normal charges will apply.

    Impacted Single Shot Payments

    Payment Type Originator/Beneficiary Value Date Actual Credit Date
    SDMT (same day) BOI to non-BOI 1st May 2nd May
    Same Day Euro to EU/EEA countries BOI to non-BOI 1st May 2nd May
    SEPA BOI to non-BOI within Ireland 30th April 1st May
    SEPA BOI to non-BOI outside of Ireland 30th April 2nd May
    SEPA BOI to non-BOI 1st May 2nd May *
    SEPA UK SEPA Payee 30th April 2nd May
    SEPA UK SEPA Payee 1st May 3rd May

    * Payments may credit slightly later than normal

    Impacted Bulk Payments

    Payment Type Originator/Beneficiary Processing date Actual Credit Date
    Bulk EFT File (BOL Manual and BOL Import) – Standard 18 BOI to BOI and Non SEPA payees 30th April 1st May
    Bulk EFT File (BOL Manual and BOL Import) – Standard 18 BOI to BOI and Non SEPA payees 1st May 2nd May *
    Bulk EFT File (BOLFG / BOLPP) – XML BOI to BOI SEPA payees 30th April 1st May
    Bulk EFT File (BOLFG / BOLPP) – XML BOI to non BOI within Ireland SEPA payees 30th April 1st May
    Bulk EFT File (BOLFG / BOLPP) – XML BOI to non BOI outside of Ireland SEPA payees 30th April 2nd May
    Bulk EFT File (BOLFG / BOLPP) – XML BOI to all SEPA payees 1st May 2nd May

    * Payments may credit slightly later than normal

    Be mindful of fraud. Bank of Ireland will never send you a text message or email containing a link to a login page or a website asking you to share your banking or other personal details. If someone asks you for a one-time code from a text or from your Approve app, they are almost certainly a fraudster. Please never share those codes with anyone, even if they say they are from Bank of Ireland (they won’t be). For more information on how you can protect your business from fraud, visit the Bank of Ireland Security Zone.

    Help Protect your business from scam calls, payment redirection scams, CEO fraud and more. And remember, if someone asks you for a one-time code from your Approve app, they are very likely to be a fraudster

    Frequently Asked Questions

    Q1. I am expecting to receive a SEPA Credit Transfer payment into my account on the 1st of May. When can I expect it to arrive in my account?

    A1. Payments sent from other Bank of Ireland accounts on 1st May will be credited to your account that day. Payments sent from non-Bank of Ireland accounts on 1st May will be credited to your account on 2nd of May slightly later than normal.

    Q2. How will the 1st of May impact SEPA Direct Debit processing?

    A2. As the 1st of May is a non SEPA DD processing date you cannot process debits on that date, therefore no PAIN002 reports will be available on 2nd of May.

  • 1st May 2024 - Impacts to Payment Processing for UK Customers

    Wednesday May 1st 2024 is a Bank Holiday in many EU countries, but not in Northern Ireland & Great Britain. This means that the official European Euro settlement mechanisms are closed on this day.

    As a result there are some changes to the timelines associated with processing the below payment types on Wednesday 1st May:

    1. SEPA UK payments
    2. Same Day Euro to EU/EEA countries

    Only Euro payments are impacted. There is no impact to domestic payments made in Sterling in NI/GB.

    Please note that despite payment impacts, for same day domestic and same day euro payments to EU/EEA countries, normal charges will apply.

    Impacted Payments

    Payment Type Originator/Beneficiary Value Date Actual Credit Date
    Same Day Euro to EU/EEA countries BOI to non-BOI 1st May 2nd May
    SEPA UK SEPA Payee 30th April 2nd May
    SEPA UK SEPA Payee 1st May 3rd May

    Be mindful of fraud. Bank of Ireland will never send you a text message or email containing a link to a login page or a website asking you to share your banking or other personal details. If someone asks you for a one-time code from a text or from your Approve app, they are almost certainly a fraudster. Please never share those codes with anyone, even if they say they are from Bank of Ireland (they won’t be). For more information on how you can protect your business from fraud, visit the Bank of Ireland Security Zone.

    Help Protect your business from scam calls, payment redirection scams, CEO fraud and more. And remember, if someone asks you for a one-time code from your Approve app, they are very likely to be a fraudster

    Frequently Asked Questions

    Q1. I am expecting to receive a SEPA Credit Transfer payment into my account on the 1st of May. When can I expect it to arrive in my account?

    A1. Payments sent from other Bank of Ireland accounts on 1st May will be credited to your account that day. Payments sent from non-Bank of Ireland accounts on 1st May will be credited to your account on 2nd of May slightly later than normal.

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