Payment Files
An efficient way to process domestic and international payments
The Payment Files service on iBusiness Banking allows you to upload both domestic and international payments within a single file. There are 3 types of payment file that can be submitted:
- SEPA Credit Transfer (SCT) payment files contain euro payments debiting a branch account with us and paying a beneficiary account within the SEPA zone (including Ireland).
- Multi-Currency (MCY) payment files contain one or more of the following payment types debiting euro branch and/or foreign currency accounts:
- Instant Credit Transfer (ICT) payment files contain euro payments debiting a euro payment account with us and paying an instant reachable account within the SEPA zone (including Ireland). ICT payments may not be accepted by all account types, for example loans or mortgages.
- SCT payments debiting a euro branch account, as above
- ICT payments debiting a euro payment account, as above
- International payments in any supported currency to most destinations worldwide
- Same day value GBP payments to accounts in the UK, debiting an AIB GBP Current Account (with NSC 238590)
Uploading a SEPA Instant Bulk Payment file (ICT)
Below is a useful flowchart diagram of the stages involved in submitting a SEPA Instant bulk payment file:
Benefits
- More straightforward and convenient than administering payments on an individual basis/cheque issuance
- Files are created from your Accounts Payable system and uploaded directly to iBB, which reduces the risk of costly errors associated with manual data entry
- A single file for multi-currency payments to beneficiaries in different countries
- Files can be warehoused for up to 30 days
- Security features include Digipass technology, multiple authorisation options and full audit logs per user
- Payments may be automatically transmitted using Direct File Submission (Host to Host).
A standard quarterly fee of €250 applies for the Multicurrency Payments file. Please find details of AIB's standard Business Fees and Charges here and standard International Transaction Charges here.
Talk To Us
For further information please contact our Cash Management team at cash.management@aib.ie .
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statements which apply to your use of this website. AIB Customer Treasury Services, AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2. Allied Irish Banks, p.l.c., New York Branch, is licensed by the New York State Department of Financial Services (NYSDFS) and subject to regulation by the NYSDFS and the Federal Reserve Bank of NY.
Tel: +353 (0)1 6600311. Registered in Ireland: Registered No. 24173. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995.