SEPA Instant

What is SEPA Instant?

SEPA Instant payments will introduce a new service called SEPA Instant payments.

SEPA Instant allows you to send and receive money in euro within 10 seconds of the payment being made. You will have the option of sending a SEPA Instant payment, at any time, every day of the year, including bank holidays and weekends.

No new fees for SEPA Instant: SEPA Instant Credit Transfers have not resulted in the introduction of any new, or changes to existing customer fees or charges. There is no payment charge to use SEPA Instant Members will still be able to avail of the existing payment features offered today.

The payment must be in euro and the account to which funds are being transferred must be within the Single Euro Payments Area (SEPA). We anticipate that you will be able to send SEPA payments from 1 September 2025 and by the latest 9 October 2025. Since 9 January 2025, you have been able to receive SEPA Instant payments.

Further information can be found by clicking on the Regulation 76 Information tab below.

Regulation 76

The European Union (Payments Services) Regulations 2018, (Regulation 76) details the important changes to the terms and conditions of our framework contract because the Single Euro Payment Area (SEPA) Instant Credit Transfers Regulation 2024 has been implemented in Ireland.

AGM

Our 2024 AGM will take place on Monday 20th January at 8pm. This will be carried out via zoom. Further information about this meeting and what you need to do to attend can be found by clicking on the 2024 AGM Notification Letter below.

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Members Welcome Pack

We offer many services aimed at improving access to financial services and encouraging financial inclusion.