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BIC/IBAN no.

  • 28-08-2015 08:19PM
    #1
    Amprodude
    Site Banned Posts: 4,034 ✭✭✭


       Hi there,

    I was trying to transfer money across from a BOI account to UK account ( Natwest). I am setting up a payee on banking 365 and the person I am transferring the money to gave me a 6 digit sort code and a 8 digit account number. However there are two fields on setting up the payee one 365 website one asking for BIC and another asking for IBAN number. I entered the sort code into the BIC field and the account number into the IBAN field. I am getting a message saying IBAN invalid.

    Any suggestions?

    Thanks.

    Amprodude


Comments

  • #2
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Hi Amprodude, 

    Thank you for getting in contact with us here on Boards.ie. 

    Due to the introduction of SEPA, when setting up a payee to the UK you will require the recipients IBAN and BIC details. For clarification on what this means please see here. 

    We would suggest contacting the recipient of the transfer and ask them to confirm their IBAN and BIC to allow you to complete this transfer. If they are unsure of this information they can contact their own bank who should be happy to assist with this. 

    For more information on transferring to the UK and other countries please see this link on our website. 

    We hope this helps and if you need any further assistance please don't hesitate to contact us again. 

    Thanks, 
    Elaine 


  • #3
    Amprodude
    Site Banned Posts: 4,034 ✭✭✭Amprodude


    Bank of Ireland: Elaine wrote: »
    Hi Amprodude, 

    Thank you for getting in contact with us here on Boards.ie. 

    Due to the introduction of SEPA, when setting up a payee to the UK you will require the recipients IBAN and BIC details. For clarification on what this means please see here. 

    We would suggest contacting the recipient of the transfer and ask them to confirm their IBAN and BIC to allow you to complete this transfer. If they are unsure of this information they can contact their own bank who should be happy to assist with this. 

    For more information on transferring to the UK and other countries please see this link on our website. 

    We hope this helps and if you need any further assistance please don't hesitate to contact us again. 

    Thanks, 
    Elaine 
    Hi Elaine,
    Thanks for reply and help. I managed to get it set up. Just wondering how long does it take for it to reach UK account? 


  • #4
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Hi Amprodude, 

    Thanks for letting us know. 

    If your transfer was made in Euro, it should reach the sending bank within one working day and if made in sterling it will be received within 3 working days. 

    For more information on transfer times and our cut off times please see here. 

    Thanks again, 
    Elaine 


  • #5
    Amprodude
    Site Banned Posts: 4,034 ✭✭✭Amprodude


    Bank of Ireland: Elaine wrote: »
    Hi Amprodude, 

    Thanks for letting us know. 

    If your transfer was made in Euro, it should reach the sending bank within one working day and if made in sterling it will be received within 3 working days. 

    For more information on transfer times and our cut off times please see here. 

    Thanks again, 
    Elaine 
    Hi Elaine,

    Thank you. It was a UK account that the money was going to. I transferred the cash in sterling on Monday at about noon so I guess at the very latest they will have it by tomorrow?


  • #6
    Bank of Ireland: Nicola
    Closed Accounts Posts: 735 ✭✭✭Bank of Ireland: Nicola


    Amprodude wrote: »
    Bank of Ireland: Elaine wrote: »
    Hi Amprodude, 

    Thanks for letting us know. 

    If your transfer was made in Euro, it should reach the sending bank within one working day and if made in sterling it will be received within 3 working days. 

    For more information on transfer times and our cut off times please see here. 

    Thanks again, 
    Elaine 
    Hi Elaine,

    Thank you. It was a UK account that the money was going to. I transferred the cash in sterling on Monday at about noon so I guess at the very latest they will have it by tomorrow?
    Hi Amprodude,

    Thanks for your post.

    Yes, for sterling payments to the UK we will ensure that the receiving bank is paid within three banking days. You can get more information about the cut off times and payment time frames for the type of payments here.

    Please let me know if you need anything else.

    Thanks
    Nicola


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