e-Payments

SEPA, SEPA Instant, International & SDMT Payments

Make payments conveniently via Business On Line, our online banking service for business customers. Customers can transfer funds between their own accounts with ease and send payments to other companies or people with an account in Bank of Ireland or in other banks.

International Payments

Take care of your foreign currency needs online. Make transfers to international and foreign currency accounts and view foreign exchange rates and contracts.

Urgent Payments

Use Business On Line to make urgent payments to domestic or international accounts.

SEPA Instant Payments

Allowing you to make SEPA transfers within seconds. This service is available 24 hours a day, every day of the year.

*SEPA and SEPA Instant payments are subject to a verification of payee check as a mandatory security step.

MT101

This service can be useful for large and multinational businesses. An MT101 is a request, received via SWIFT, to transfer funds from your Bank of Ireland account to accounts your business holds with other banks.

Call our Digital Banking Services team on 0818 210 619 to find out more today and we will tell you how you can use this service, what terms and conditions apply and what fees and charges are applicable.

Bulk Payment Services

SEPA Direct Credit Features

BOL Payments Plus is an efficient method of submitting and processing bulk files in SEPA XML formats and accessing associated reports.

The advantages of using BOL Payments Plus for your SEPA file processing include:

• Convenient, cost effective and secure way to make regular payments such as wages or supplier payments
• Reduces paperwork in the office. All BOL Payments Plus reports are available online. These include file rejection reports and creditor settlement reports. These reports can be accessed and/or exported at any time to accommodate company account reconciliation.
• BOL Payments Plus utilises quality internet security, and a combination of strong authentication through the use of the Approve app, protected by a user unlock code, which generates one-time passwords.

Call our Digital Banking Services team on 0818 210 619 to find out more today and we will tell you how you can use this service, what terms and conditions apply and what fees and charges are applicable.

Protect your business from fraud

Businesses and organisations are increasingly becoming targets of fraud and cybercrime. Fraudsters can send convincing letters or emails pretending to be a colleague (including CEO) or supplier and attempt to trick you into making a payment to a fraudulent account.

We have now introduced Verification of Payee (VOP) to improve payment security. VOP is a security step in the payment process for all SEPA payments and SEPA Instant payments. VOP will check with the receiving bank that the payee name you enter matches the name of the person or business associated with the IBAN and provide a relevant response. Whilst VOP is mandatory in the single shot payment journey, it is optional for bulk payments. Find out more information on our Business On Line SEPA Instant and Verification of Payee page

Remember to Stop, Think, Check

• Bank of Ireland will never send you a text message or email containing a link to a log in page or site asking you to share your banking or other personal details.
• Never share secure codes. If someone asks you for a one-time code from your Approve app, they are a fraudster.
• Never give control of your computer remotely to someone who calls unexpectedly, no matter how genuine they seem.
• Always talk to your boss in person before making any urgent payments.
• Never make a payment to a new account number without contacting the company first to check that the request is real.