SEPA Instant Bulk Payments

SEPA Instant Bulk Payments are now available for business customers. Please see below for guidance on deciding whether this service is suitable for your business needs and how to apply.

Features of SEPA Instant Bulk Payments

How to Apply for SEPA Instant Bulk Payments

SEPA Instant Bulk Payments Q&As

SEPA Instant Bulk Payments

A SEPA instant bulk payment contains only SEPA instant payments. It allows businesses to send multiple instant euro payments between payment accounts within the SEPA zone, 24 hours a day, 7 days a week.

Features of SEPA Instant Bulk Payments

Please see below features of SEPA 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.

How to apply for SEPA Instant Bulk Payments

To apply for SEPA instant bulk payments please complete the following:

The Instant Credit Transfer (ICT) OIN form and return to your relationship manager or local branch.
SEPA Instant Credit Transfer files must be in the ISO 20022 compliant file format. Please click on ISO20022 icon below for more details.

ICT OIN Form

SEPA Instant Bulk File Specification

ISO20022

SEPA Instant Bulk Payments Q&As

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.
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.
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.
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.
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.
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.
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
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.
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
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 the VoP section 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

Bulk Payment File New User Guide for SEPA Instant Bulk Payments

(PDF, 3 pages, 2.9MB)