Instant Bulk Payments

SEPA instant bulk payments features
Account funding	You must have sufficient funds in your account, on the debit date, to cover the full value of the SEPA instant bulk payment or the payment will fail and will incur fees. Sufficient funds include credit balances and any available overdraft facility.
Rejections	In addition to funds checks, there are other reasons that may cause a SEPA instant payment to fail, including; Payments may not be accepted to non-payment accounts. Any payment within a SEPA instant bulk payment file directed to a non-payment account maybe rejected, such as loan or mortgage accounts. As SEPA instant bulk payments must process within 10 seconds there is a risk that they could timeout and the transaction will reject (for example if the beneficiary bank is temporarily not reachable).
Transaction blocks	Only one block of SEPA instant payments is permitted per file. Multiple blocks are not possible.
Debit date	All SEPA instant payments within a file must have the same debit date. Multiple debit dates are not possible.
Debit account	Only one debit account is permitted per file. Multiple debit accounts are not possible.
File version	SEPA instant bulk payments must be in the ISO 20022 compliant file format. Please visit www.aib.ie/business/help/filespecifications for more information.
OIN requirement	A new SEPA Instant Credit Transfer (ICT) Originator Identification Number (OIN) is required.
Cut-off times	There are no cut-off times that apply for SEPA instant bulk payments.
Limits	SEPA instant limits are available to you if you would like to use them. If you have set a SEPA instant limit, it applies to both SEPA instant individual payments and SEPA instant bulk payments. You can choose to set a: SEPA instant daily limit SEPA instant transaction limit SEPA instant daily limit: If you have set a SEPA instant daily limit, other SEPA instant payments made on the same day as a SEPA instant bulk payment will reduce the available SEPA instant limit. The full value of the SEPA instant bulk payment must be within the available SEPA instant daily limit. SEPA instant transaction limit: If individual transactions within the file exceed the SEPA instant transaction limit set by you then only those individual transactions exceeding the limit will be rejected. You can amend your SEPA instant limit on iBB.

What are SEPA instant payments?

What are SEPA instant bulk payments?

SEPA instant bulk payments are files containing only SEPA instant payments.

SEPA instant bulk payments allow you to upload a single file containing multiple SEPA instant payments. For more information on SEPA instant bulk payment processing times refer to question 'How long do SEPA instant bulk payments take to process, and when are payees credited?'.

How do I know if SEPA instant bulk payments are suitable for my business needs?

SEPA instant bulk payments may not be suitable for your business needs.

Please use the below information along with our table to determine if SEPA instant bulk payments are suitable for your business needs:

SEPA instant payments are for Euro payments, within the SEPA zone.
You must have sufficient funds in your account, on the debit date, to cover the full value of the SEPA instant bulk payment or the payment will fail. Sufficient funds include credit balances and any available overdraft facility.
In addition to funds checks, there are other reasons that may cause a SEPA instant payment to fail, including:
- Payments may not be accepted to non-payment accounts. Any payment within a SEPA instant bulk payment directed to a non-payment account maybe rejected, such as loan or mortgage accounts.
- As SEPA instant bulk payments must process within 10 seconds there is a risk that they could timeout and the transaction will reject (for example if the beneficiary bank is temporarily not reachable).
- SEPA instant payments may fail due to routine checks that are necessary to help protect customers from various risks.
- If you have chosen to set a SEPA instant daily limit, the payment file will fail if it exceeds that limit.
- If you have chosen to set a SEPA instant transaction limit, individual transactions exceeding the limit will be rejected.
Due to the instant nature of SEPA instant payments, if you send money to the wrong account, we may not be able to recover your funds.
All SEPA instant payments within a file must have the same debit date. Multiple debit dates are not possible.
Only one block of SEPA instant payments is permitted per file. Multiple blocks are not possible.

Do I need to do anything before I make SEPA instant bulk payments?

What file format is accepted for SEPA instant bulk payments?

How can I test my files?

Once you’ve made the changes, you can test your updated files on this website:

Visit https://aib.xmldation.com/auth/register
On your first visit, enter the Registration Number: AIB365 and your email address
You’ll receive an email with instructions on what to do next

Please make sure you only use test data when testing your files.

You can also email Sepa.testfile@aib.ie for help on testing your files.

What happens to my SEPA instant bulk payment if I have insufficient funds in my debit account on the debit date?

If you have insufficient funds in your debit account on the debit date, your entire file will fail and you will be charged 7c per payment in the file.

The funds check will only happen once on the debit date. If the payment file fails due to insufficient funds, you will be notified

in the payment log on iBB or
in the payment status report (pain.002) for Direct File Submission.

Please refer to our business fees and charges brochure for more information.

How long do SEPA instant bulk payments take to process, and when are payees credited?

We process payments individually at a managed rate, so larger files take longer to complete.

The processing time can vary. This can take minutes to hours, depending on the size of the file and the time of day/month.

If the individual SEPA instant payments within the file are successful, the payee will be credited within 10 seconds.

You can view the status of the payments within the payments log and on the pain.002 on new iBB.

Can I cancel SEPA instant bulk payments?

Pre-Authorisation

You can cancel SEPA instant bulk payments pre-authorisation at file and transaction level in new iBB without incurring a fee.

Post Authorisation

You can cancel future dated SEPA instant bulk payments post authorisation, once you do this before the debit date, in new iBB without incurring a fee.

Any files that are cancelled by customers on new iBB (pre or post authorisation) will not incur a fee.

Files that are cancelled by phoning our helpdesk will incur a fee of 0.07c for each transaction contained in the file.

Is there a maximum number of SEPA instant payments that can be included in a bulk file?

Can I make a SEPA instant bulk payment at weekends, bank holidays or at night?

Can my file have SEPA instant payments with multiple debit dates?

Can I future date SEPA instant bulk payments?

Can I include SEPA instant payments in my current SEPA Credit Transfer (SCT)/Multi-Currency (MCY) files?

Are multiple debit accounts permitted for SEPA instant bulk payments?

How will a debit appear on my statement for SEPA instant bulk payments?

For SEPA instant bulk payments, a single consolidated debit will be posted to your account for all successful payments within the file.

This will be shown on your statement with the following information:

Line 1: The message ID the customer entered on the file

Line 2: The payment file reference

Line 3: The transaction date

Any unsuccessful payments rejected by us will not be part of the debit.

For further information on debit posting, you can refer to the SEPA instant file specification www.aib.ie/business/help/filespecifications.

If you upload a file on a weekend or bank holiday a single debit will appear on your statement on the next business day and will also include the actual transaction date.

What happens to a SEPA instant payment within a file, if it is rejected?

How will I know the outcome of a SEPA instant payment within my file?

How often will I receive updates on the pain.002 for my SEPA instant payments?

On new IBB:

You will be able to view the status of your payments in the pain.002 which will be available in your payment log to download.  You can refresh the pain.002 to get the most up to date information on the status of the transactions within your file.

On DFS:

A pain.002 will be sent to you and will be generated periodically as transactions are processing.

Do SEPA instant limits apply to SEPA instant bulk payments?

Yes, SEPA instant limits are available to you if you would like to use them.

If you have set a SEPA instant limit, it applies to both SEPA instant individual payments and SEPA instant bulk payments.

You can choose to set a:

SEPA instant daily limit
SEPA instant transaction limit

SEPA instant daily limit

If you have set a SEPA instant daily limit, other SEPA instant payments made on the same day as a SEPA instant bulk payment will reduce the available SEPA instant limit.
The full value of the SEPA instant bulk payment must be within the available SEPA instant daily limit.

SEPA instant transaction limit

If individual transactions within the file exceed the SEPA instant transaction limit set by you then only those individual transactions exceeding the limit will be rejected.

You can change your SEPA instant limits on iBB.

Can I make SEPA instant bulk payments for accounts with setoff arrangements?

Do cut off times apply to SEPA instant bulk payments?

What charge is applied for sending a SEPA instant payment in a file?

Which AIB accounts can receive SEPA instant payments?

Personal Demand Deposit Account 
Demand Deposit Account 
Online Saver Account 
Youth Savings Account 
Basic Bank Account 
Advantage Account 
Student Account 
Student Plus Account 
Graduate Account 
Business Start Up Account 
Business Current Account (incl. Young Farmer Account) 
Personal Bank Account  
Masterplan Account 
Junior / Student Saver 
AIB (NI) Euro Current Accounts (digital channels only) 

AIB Corporate, Business and Purchasing Cards 
AIB All Personal Credit Cards

If you are making a payment to non AIB account, payment accounts are typically current account products.

Does Verification of Payee (VoP) apply to SEPA instant bulk payments?

SEPA instant Bulk payments containing a single payment: If you are submitting a file containing only one SEPA instant payment, you must complete a VoP check and confirm that you have done so before submitting your payment file. VoP for bulk payments is a service that you need to register for. Refer to next question for more information.

SEPA instant Bulk payments with multiple payments: You can only opt out of completing a VoP check when your payment contains more than one SEPA instant payment.

For more information, please visit  www.aib.ie/business/ways-to-bank/vop

How do I register for Verification of Payee (VoP) on the SurePay portal?

We require a valid email address so that we can send you an invitation link to register to the Verification of Payee portal. You can register for VoP by completing section 7 of an OIN form and bring to your branch or Relationship Manager.

Once we have a valid email address you will receive an email from SurePay – no-reply@surepay.nl – asking you to accept an invitation to access the VoP portal. Please note, this link expires after 7 days but can be reset by contacting the IBB customer service team.

SEPA Instant Bulk Payments

Features of SEPA instant bulk payments

How to Apply for SEPA Instant Bulk Payments

SEPA Instant Bulk Payments Q&As

SEPA Instant Bulk Payments

Features of SEPA Instant Bulk Payments

How to apply for SEPA Instant Bulk Payments

ICT OIN Form

SEPA Instant Bulk File Specification

ISO20022

SEPA Instant Bulk Payments Q&As

Pre-Authorisation

Post Authorisation

More Information and Q&As

Verification of Payee

ISO 20022

Bulk Payments

Instant Credit Transfer File Spec

Business Fees & Charges