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Outward Payments

Outward Payments

Whatever the size of your business, you will always require to make payments either locally or overseas. The execution of timely payments plays an important role in the success of your business.

We provide you with the following types of Payments:

  • Urgent / Same day value – where beneficiary is paid on same day
  • Spot value, a standard time frame – where beneficiary is paid 2 working days later (except in the case of weekends and holidays)
  • Payments can be effected in euro and other currencies
  • Beneficiary paid on the day that you request
  • Payments effected via S.W.I.F.T., a secure network with worldwide reach
  • SEPA – non-urgent payments - where beneficiary is paid within 3 to 4 working days.

SEPA payment characteristics:

  • Currency must be EUR
  • Beneficiary Bank BIC (SWIFT Code) must be present
  • Beneficiary IBAN (International Bank Account Number) must be present
  • Beneficiary is located in an EU member state
  • Non-urgent – value date not specified
  • Remitter and Beneficiary pay their own charges i.e. charges ‘SHA’ (shared)

For more information on SEPA please click here.