International Payments

Safe and secure foreign currency services to support businesses trading abroad. Whether you make regular International Payments, or your needs are changing, we can help.
Log in to 365 Online  Log in to Business On Line

Does your business make or receive payments in non-Euro currencies?

  • At Bank of Ireland, we offer our business customers a number of easy, safe and reliable ways to make International Payments, also known as Forex, FX or Foreign Currency Transfers.
  • We have a full range of FX products and services to suit your business needs, whether your business is just beginning to trade abroad, or already makes regular International Bank Transfers.
  • There are a number of ways for you to make digital International Payments; via 365 Online and via our mobile app , via Business On Line, or for regular payments, FXPay.
  • Making FX Payments – Online & via Mobile Banking (365, BOL & FXPay)

    We have outlined below, the channels for making online FX Payments with Bank of Ireland.

    365 Online & Banking App

    • No payment fees on transfers to the UK, EU member states and EEA countries. For example, customers can send Sterling to the UK or Zloty to Poland with no payment fees1
    • Suitable for currency transfers up to €20,000 (payee transaction limits may vary)2

    To find out more about using 365 Online or the Bank of Ireland app for currency payments, or log in if you’re a 365 Online customer and need to make a currency payment.

    Log In


     

    For Currency transfers over €20,000

    The best way to make a transfer of over €20,000 is to fill in an interpay transfer form and bring it to your local branch. Find your nearest branch here. Please check out the requirements for each country to see what each bank will need from you, before filling in the form.

    Alternatively, you can call our FX team on 01 609 4300 or email askthedealer@boi.com

    Fees and Charges apply for currency payments. Full details of our international payment transaction charges are contained in our brochure Schedule of International Transaction Charges (also available from any branch).


    Business On Line

    • No limit on transaction amounts for currency transfers
    • Urgent same day international payments available 3
    BOL for currency payments, or log in if you’re a BOL customer and wish to make a currency.

    Log In


    FXPay

    FXPay is Bank of Ireland’s online portal dedicated to International Payments. It is suitable for customers who make regular FX Payments.

    • Allows customers to book FX deals, make payments, track rates
    • No payment fee for standard payments until January 20254

    Find out more about using FXPay for currency payments, or if you’re an FXPay customer and wish to make a currency payment, you can log in below.

    Log In


  • Contact our FX Dealing Team

    • If your business imports, exports or purchases equipment abroad, you may need to look at managing currency risk. Our treasury team can help you understand your business foreign exchange needs and discuss your currency risk management options. This can help protect against the adverse impact of market movements.
    • Our dedicated FX dealing team are available Monday to Friday, 8am to 6pm and would be happy to discuss your requirements.
    • Call 01 6094300 or
    • Email our FX dealing team

       


      Jackie Quann

      Jackie Quann

      Head of Business Sales

      Robert Keegan

      Robert Keegan

      Treasury Sales


      Derek Nugent

      Derek Nugent

      Treasury Sales

      Colin Walsh

      Colin Walsh

      Treasury Sales


      Chris Crowley

      Chris Crowley

      Treasury Sales


      Sarah McShane

      Sarah McShane

      Treasury Sales


      Robert Wilton

      Robert Wilton

      Treasury Sales


      Keith Bracken

      Keith Bracken

      Treasury Sales


Currency Risk Management

We can offer your business a full range of currency risk management supports. From currency exchange, to more tailored solutions, our team can explain how these might work for your business.


  • Spot Deals and Forwards Contracts

    These solutions can help customers to manage currency fluctuations by exchanging currencies at an agreed rate and time, giving customers more control during uncertain times and market volatility.

    For more information, or to find out how these solutions could work for your business, contact our Treasury team on: 01 6094300, or watch our FX Solutions video below.

  • FXPay

    FXPay is Bank of Ireland’s international payments platform for customers who make regular international payments. It allows you to easily and securely transact FX deals and make international payments online, with no payment fees for standard payments until January 2025*.

    Find out more

    *Applies to standard payments made on Bank of Ireland FXPay until January 2025.

  • Currency Accounts

    If you have receipts and payments in the same (non-Euro) currency, this option may be worth considering. Currency accounts offer you the ability to net off foreign currency payables and receivables. They can help customers to minimise and manage exchange risk and maximise cash flows efficiently.

    Find out more


 
 
 


FX Pay
Trade Finance
Currency Deposit Account

FX Resources

To help you navigate these uncertain times and manage currency risk, we produced some guides which may be useful for your business:

Managing Currency Risk- A Guide for SMEsViewPrint
FX Products for Managing Currency Risk DownloadViewPrint
How to Create a Treasury Policy DownloadViewPrint
Trade Finance Brochure DownloadViewPrint

Corporate Market Rates
Foreign Exchange Converter
1

Zero payment fees to the UK, EU member states and EEA countries (e.g. Sterling to the UK, Zloty to Poland). Payments outside EU member states/EEA countries with an FX conversion (e.g. USD to United States) are €5. Receiving bank may apply charges where applicable. Please refer to the Schedule of International Transaction Charges brochure, Outward Cross Border Payments. Standard exchange rates apply and this service may be affected by changes in currency exchange rates.

Terms and Conditions apply to 365 Online.
2 A security code is required to complete the addition of a new payee to your online profile. There are two options available to deliver the security code – by post or mobile phone. You must be registered to receive security codes by mobile phone. The transaction limits differ depending on the delivery method chosen. There is a total daily transaction limit of €/£20,000 including international fees and charges. This amount is included in the €/£20,000 daily transaction limit for 365 online. Payee security codes sent to your mobile phone are subject to a working day limit of €/£10,000.
3 Business On Line Monthly fee is €10. Same Day Urgent Payment fee is €37.50. Terms and Conditions apply.
4 FXPay Special Terms and Conditions apply.