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Banking

Ireland — Banking: International Transfers

Since 9 October 2025 Irish banks must be able to send SEPA instant euro payments at no more than the cost of a standard transfer, with verification of payee on name and IBAN.

VerifiedGovernment / official sourceCentral Bank of Ireland — Single Euro Payments Area and instant paymentsLast reviewed: 2026-10-23

Key facts

  • The Central Bank of Ireland is the competent authority for the SEPA Regulation as amended by the Instant Payments Regulation.
  • Receiving SEPA instant credit transfers in euro became mandatory for euro-area providers on 9 January 2025 and sending on 9 October 2025.
  • The cost to the customer of a SEPA instant payment must not exceed the cost of a standard SEPA credit transfer, and standard transfers remain available.
  • Verification of Payee checks that the payee name and IBAN match the recipient account, from the same date.
  • The sources reviewed did not cover non-euro or cross-border transfers outside SEPA.

Steps

  1. Choosing a Bank — Research banks in Ireland that offer competitive international transfer rates and fees, if any.
  2. Initiating a Transfer — Gather required documents and information, and follow the bank's process for initiating an international transfer.
  3. Understanding Fees and Charges — Review the bank's fees and charges for international transfers, and factor these into the transfer amount.

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