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Transferring money abroad using IBAN???

  • 16-04-2006 07:23AM
    #1
    demonloop
    Registered Users, Registered Users 2 Posts: 682 ✭✭✭


    Hi,

    I live in the North and want to open euro bank account, that part seems straight forward but my main reason for doing so is to send money to Europe where they are all in euros too.

    Can I use internet banking to send the money to IBAN codes in other countries for free or is there a charge?

    Obviously I can send a euro cheque but I know in some countries e.g. France they all transfer money between their bank accounts and use IBAN / SWIFT to do it.

    Any one any knowledge? I have to pay £25stg to transfer money using IBAN code from my stg account in North and I'm sick of it.


Comments

  • #2
    drdre
    Closed Accounts Posts: 8,241 ✭✭✭drdre


    you cannot do it online as far as i know as i used to send money through iban number.banks in ireland can charge anything up to 25 euro.i have been charged that few times and also i have have done it for free afew times as i stated im a student.

    anyway there is a charge normally as nothing is free:D


  • #3
    pan
    Registered Users, Registered Users 2 Posts: 190 ✭✭pan


    My understanding is that European Commission has force banks using IBAN/swift codes to treat it as a national transfer.
    It's only suppose to cost €0.50 cents.
    I done this successfully myself, but once they caught me for €19 charge because they thought I wanted it transfered by the next day. I complained of course and got my money back!!

    For some reason (money grabbing) it take something like 1-5 working days to process??

    I had to go to my branch and fill out a form...pain in the ass (no online access)


  • #4
    drdre
    Closed Accounts Posts: 8,241 ✭✭✭drdre


    pan wrote:
    My understanding is that European Commission has force banks using IBAN/swift codes to treat it as a national transfer.
    It's only suppose to cost €0.50 cents.
    I done this successfully myself, but once they caught me for €19 charge because they thought I wanted it transfered by the next day. I complained of course and got my money back!!

    For some reason (money grabbing) it take something like 1-5 working days to process??

    I had to go to my branch and fill out a form...pain in the ass (no online access)

    0.50cent i never heard of that before.i used to make international transfers i think thats why it was expensive.


  • #5
    Alun
    Registered Users, Registered Users 2 Posts: 21,530 ✭✭✭✭Alun


    You can now do international transfers via AIB's internet banking syetem.

    http://www.aib.ie/internetbankinghelp/faqs/international.html#q13

    Free for any amount up to €5K apparently.


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