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:
- Same Day Domestic Interbank payments i.e. SDMT
- SEPA payments
- 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.