- The quickest and most convenient way to receive money from outside of Ireland is electronically by International Payment. You will need to provide your IBAN and BIC information to the sender of the payment. This information is available on your account statement.
- You can receive payment by certain foreign cheque*. AIB accept the following foreign currency cheques from the following countries and process them on either a negotiation or collection basis*.
GBP United Kingdom
USD United States of America
- For regular payments from Europe, set up a SEPA Direct Debit or SEPA Standing Order. For more information, click here.
*Negotiation: AIB generally accept foreign currency cheques and international euro cheques for credit to your account on the business day of receipt and where applicable, the relevant currency exchange rate on that business day is applied.
Collection: In certain circumstances, foreign currency cheque and international euro cheques may be sent for payment on a collection basis at the Bank's discretion. A foreign cheque collection is where a cheque is sent directly by mail/courier to the foreign bank on a special presentation basis requesting irrevocable/final payment. There is no standard payment cycle, and your account will only be credited when AIB is in receipt of final payment from the foreign bank. Where applicable, the exchange rate used is the prevailing exchange rate on the date of receipt of funds from the foreign bank, not the date the cheque is sent for collection.
- Charges may apply. Please see our Schedule of International Transaction Charges brochure for more information.
- Foreign Exchange rates may apply. Any transactions involving a currency conversion are subject to variable exchange rates. Retail foreign exchange rates are available from any AIB branch for reference purposes.
- Exchange rate losses may occur where an incoming international payment is returned to the sending bank by AIB due to incorrect or incomplete payment information.
- Exchange rate losses may also apply in the case of cancellation or amendment to a payment transaction and unpaid items.
- The most effective means of sending or receiving money cross border is generally by International Payment. Drafts and cheques (including international euro cheques) not drawn on a bank in the Republic of Ireland cannot be cleared through the Irish clearing system. Clearing rules and clearing cycles differ depending on the country/location of the bank on which the draft/cheque is drawn. Due to the absence of a central European or international clearing system for paper, there is no standard mechanism or time period for clearance of paper items i.e. drafts and cheques.