Friday 1 May 2015 is a bank holiday in most European countries and is a non-payment processing day. In addition Monday 4 May 2015 is an ROI and UK bank holiday.
Please ensure that your payments are submitted early to avoid any potential delays and allow additional time for your payment to reach the beneficiary.
Europe’s payments clearing and settlement system TARGET2 will be closed on Friday 1 May 2015 and this will affect the processing and settlement (value) cycle of all Euro electronic payments (Credit Transfers).
Euro urgent payments cannot be processed on Friday 1 May 2015.
SEPA Payments submitted on Thursday 30 April 2015 to beneficiaries in other financial institutions within Ireland and the UK will be delivered no later than the close of business on Tuesday 5 May 2015.
Some banks may apply funds on Friday 1 May 2015. Please request that the beneficiary checks with their bank to see when funds will be available.
The execution timeframe of International Payments with a debit date of Thursday 30 April 2015 or Friday 1 May 2015, in any currency including Euro, may be extended by a minimum of one additional business day.
Monday 4 May 2015 is a Bank Holiday in the UK and Ireland. Please find details of payment processing times below for Domestic, International and SEPA payment transfers to other banks via iBusiness Banking.
Please consider the impact that the bank holiday will have on your payments and ensure that they are submitted early to avoid any potential delays.