International Services
International Payment Services
We provide a wide range of international payment services both incoming and outgoing. These include:
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Payments
All outward payments are processed within two business days of your instruction (when banks are open in this country and in the country where payment is to be made) provided there are no complications in the routing of payments or in overseas banking systems. For urgent payments, please contact your relationship manager or Customer Service Team and we will try to accommodate your needs.
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Receipts
All inward payments are processed on the day of receipt and in some instances you will be able to draw on the funds immediately. If the payment is to be exchanged for another currency or if funds have been received for value at a specified date, there may be a short period before you are able to draw on the funds. Normally this is not more than two business days after receipt by our payment section.
Foreign Currency Drafts
A foreign draft is a cheque issued by Bank of Ireland UK in a foreign currency drawn on a bank abroad. It is an inexpensive way of sending low value payments abroad.
Company or Personal Cheques
It is possible to send money abroad by issuing a cheque. However, the overseas payee will incur delays and extra expense in collecting the funds as the cheques must be returned to the bank on which they are drawn before value can be given.
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For further information please email us at BOIMarketing@boiuk.com or call 020 7236 2000