Business On Line

The new way to access Business On Line

Winner of ‘Best Information Security Initiatives (Corporate/Institutional)’ in Western Europe,
Global Finance Best Digital Bank Awards 2017.

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
    Bulk Payments (including Import) Next Day 3.30pm
    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

    International (Same day)

    Payment Payment Cycle Cut-off time
    GBP Same Day 4.00pm
    EUR Same Day 2.00pm
    USD Same Day 2.00pm

    International (Non Urgent)

    Payment Payment Cycle Cut-off time
    GBP Next Day 4.30pm
    EUR Next Day 4.30pm
    All other currencies +Two Days** 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.
    ** Exception is MAD, THB, INR, PHP and SAR – all three day payment cycles
  • Bank Holidays 2020

    Below is a list of Bank holidays in ROI/NI and GB. These are non-processing days for payments.

    Date ROI NI GB
    Wednesday 1st January 2020 YES YES YES
    Tuesday 17th March 2020 YES YES NO
    Friday 10th April 2020 YES YES YES
    Monday 13th April 2020 YES YES YES
    Monday 4th May 2020 YES NO NO
    *Friday 8th May 2020 NO YES YES
    Monday 25th May 2020 NO YES YES
    Monday 1st June 2020 YES NO NO
    Monday 13th July 2020 NO YES NO
    Monday 3rd August 2020 YES NO NO
    Monday 31st August 2020 NO YES YES
    Monday 26th October 2020 YES NO NO
    Friday 25th December 2020 YES YES YES
    Monday 28th December 2020 YES YES YES
    Tuesday 29th December 2020 YES NO NO
    Friday 1st January 2021 YES YES YES

    *Friday May 8th is a new Bank Holiday in 2020 for GB/NI customers.

    Payments will not be processed on Business On Line on this date. This Bank Holiday normally falls on the first Monday of May however for 2020 this Bank holiday will fall on Friday May 8th.

    Employers and business who normally make payments on a Friday or monthly payments on the 8th of the month are encouraged to submit payments to their payees in sufficient time to ensure that payee accounts are credited on Thursday 7th of May. If you do not wish to pay early, payees will not receive their payments until Monday 11th May

  • Easter Payments 2020

    Republic of Ireland Easter Payment Processing days

    NON PROCESSING DAYS

    BUSINESS ON LINE

    Friday the 10th of April and Monday the 13th of April are Bank Holidays in the Republic of Ireland, Northern Ireland and Great Britain. Both of these days will be non-processing days for Business On Line payments.

    FILE GATEWAY & PAYMENTS PLUS

    Friday the 10th of April and Monday the 13th of April are Target Closing days and as such are non-processing days for SEPA Direct Debit and Credit Transfer files.

    CUT OFF TIMES

    Cut-off times will remain unchanged for all payments over the Easter period.

    PROCESSING DAYS

    1. SEPA SINGLE PAYMENTS TO NON BOI THIRD PARTY ACCOUNTS

    Value Date Payment Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April

    2. BULK PAYMENTS – BUSINESS ON LINE EFT & BULK IMPORT BULK FILES

    For the processing of salary payments over the Easter period, please ensure that you submit and authorise your file/payment in plenty of time and note the non-processing days.

    Processing Date Payment Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April

    3. DIRECT DEBIT PROCESSING – BOL PAYMENT PLUS & BOL FILE GATEWAY

    Input & Authorise Date Collection Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April
    Tuesday 14th April Wednesday 15th April

    4. DIRECT CREDIT PROCESSING – BOL PAYMENT PLUS & BOL FILE GATEWAY

    Input & Authorise Date Payment Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April
    Tuesday 14th April Wednesday 15th April

    INTERNATIONAL CROSS BORDER PAYMENTS

    International cross border payments will be not processed on the non-processing days.

    Payments will credit payee accounts in line with the relevant payment cycle.

    SAME DAY MONEY TRANSFERS

    Same day money transfers will be not processed on the non-processing days.

    Northern Ireland Easter Payment Processing days

    NON PROCESSING DAYS

    BUSINESS ON LINE

    Friday the 10th of April and Monday the 13th of April are Bank Holidays in the Republic of Ireland, Northern Ireland and Great Britain. Both of these days will be non-processing days for Business On Line payments.

    CUT OFF TIMES

    Cut-off times will remain unchanged for all payments over the Easter period.

    PROCESSING DAYS

    1. SEPA SINGLE PAYMENTS TO NON BOI THIRD PARTY ACCOUNTS

    Value Date Payment Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April

    2. BACS ARRANGEMENTS BOL BACS & IMPORT

    For the processing of salary payments over the Easter period, please ensure that you submit and authorise your file/payment in plenty of time and note the non-processing days.

    Input Processing Day Payment Date
    Tuesday 7th April Wednesday 8th April Thursday 9th April
    Wednesday 8th April Thursday 9th April Tuesday 14th April
    Thursday 9th April Tuesday 14th April Wednesday 15th April

    Great Britain Easter Payment Processing days

    NON PROCESSING DAYS

    BUSINESS ON LINE

    Friday the 10th of April and Monday the 13th of April are Bank Holidays in the Republic of Ireland, Northern Ireland and Great Britain. Both of these days will be non-processing days for Business On Line payments.

    CUT OFF TIMES

    Cut-off times will remain unchanged for all payments over the Easter period.

    PROCESSING DAYS

    1. SEPA SINGLE PAYMENTS TO NON BOI THIRD PARTY ACCOUNTS

    Value Date Payment Date
    Wednesday 8th April Thursday 9th April
    Thursday 9th April Tuesday 14th April

    2. BACS ARRANGEMENTS BOL BACS & IMPORT

    For the processing of salary payments over the Easter period, please ensure that you submit and authorise your file/payment in plenty of time and note the non-processing days.

    Input Processing Day Payment Date
    Tuesday 7th April Wednesday 8th April Thursday 9th April
    Wednesday 8th April Thursday 9th April Tuesday 14th April
    Thursday 9th April Tuesday 14th April Wednesday 15th April

    Helpdesk Opening Hours

    The Business On Line helpdesk will be closed on Friday the 10th and Monday the 13th of April and will re-open at 8am on Tuesday the 14th of April 2020.

    Tel: 1890 818 265 (ROI) / 0345 309 8123 (NI) / 0345 309 8124 (GB)

    Email: Business.Online@boi.com

  • May Day Payments 2020

    Friday 1st May 2020 is a bank holiday in many Euro currency/EU countries and, as a result, the Euro payments clearing and settlement system will be closed.

    Although Irish banks are open for business on 1st May, it is not possible for Banks to exchange payments between each other, given that there is no Euro payment clearing system available on this day.

    It will not be possible for ROI customers to effect the below payments on Friday May 1st 2020 on Business On Line (or by any other means through Bank of Ireland)

    1. Same Day value Euro payments within the EU and/or any other Euro payment due for settlement on that day.
    2. Same Day Domestic Interbank payments i.e. SDMT
    3. SEPA payments

    Employers and business who normally make payments on a Friday or a Monday or monthly payments on the 1st or the 4th of the month are encouraged to submit payments to their payees in sufficient time to ensure that payee accounts are credited on Thursday the 30th of April as crediting dates may vary depending on the beneficiary bank.

     

    Quick Overview of 1st May payments

    Payment Type Originator/Beneficiary Value Date Credit Date
    SDMT (same day) BOI to BOI 1st May 1st May
    SDMT (same day) BOI to non-BOI 1st May 5th May
    Same Day to 11 EU/EEA* countries BOI to non-BOI 1st May 4th May
    SEPA BOI to BOI 30th April 30th April
    SEPA BOI to non-BOI 30th April 4th May***
    SEPA BOI to BOI 1st May 1st May
    SEPA BOI to non-BOI 1st May 5th May
    Bulk EFT File BOI to BOI 30th April 1st May
    Bulk EFT File BOI to non-BOI 30th April 4th May*/**
    Bulk EFT File BOI to BOI 1st May 5th May
    Bulk EFT File BOI to non-BOI 1st May 5th May
    *11 EU/EEA countries are France, Germany, Italy, Netherlands, Spain, Austria, Belgium, Greece, Luxembourg, Portugal and UK
    ** You will be debited on 1st May
    ***Where there is a Single SEPA payment value dated 30th of April and a credit date of the 4th of May – some banks or credit Unions may not apply the funds until 5th of May
     

    Frequently Asked Questions

    Q1. If I make a SEPA payment (e.g. pay another account in Ireland in Euro currency) on 30th April, when will the beneficiary account be credited?

    A1. Bank of Ireland beneficiary accounts will be credited on 30th April. If the beneficiary account is a non-Bank of Ireland account, the payment will be processed and credited to the account on the 4th of May.

    Q2. I am expecting to receive a SEPA Credit Transfer payment into my account on 1st May. When can I expect it to arrive in my account?

    A2. 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 with a value date of the 1st May will be credited to your account on 2nd of May.

    Q3. I want to submit a SEPA Direct Debit file for value 1st May. When do I need to submit the file?

    A3. a creditor submits their pain.008 (DD file) on Thursday 30th April (D-1) for settlement on Friday 1st May these will roll and settlement will be Monday 4th May.

    SEPA Direct Debits will not be processed on Friday the 1st May. They will be processed on Monday 4th.

    Q4. I want to make a BOI to BOI Euro payment from Belfast to Dublin on 1st May. Is that possible?

    A4. No, given these payments are SEPA UK Euro Payments, there is no Euro payment clearing system available on the 1st of May. These payments will credit the payee accounts on the 4th of May.

    Notification regarding salary or wages payments due on Friday the 1st of May.

    Employers, for example, who normally pay weekly wages on a Friday or monthly salaries on the 1st of the month will need to submit their payments to their bank in sufficient time to ensure that Payee accounts are updated (credited) on Tuesday 30th April.

    If employers do not wish to pay early, employees will not receive their wage/salary payments until Tuesday 5th May.

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