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Payments Enhancements 2020

What is changing?

 

Outgoing Payment Reference

For outgoing SEPA & International payments where a processing fee is associated with the payment, this will be posted as a separate debit on your account ledger. The AIB payment reference will appear as FTXXXXXXXXXXXXXX

 

Example:

L1: FTXXXXXXXXXXXXXX     0.00 (Payment Amount)

L2: Debit narrative

L1: FTXXXXXXXXXXXXXX     0.00 (Payment Fee)

L2: PYMT FEE *

(* is a Pricing Code as outlined in our ‘Price List – International Payments’ for that Payment type)

 

 

Incoming Payment Reference

The payment fee for incoming International payments will continue to be posted as a separate debit on your ledger, however the payment reference will now appear as FTXXXXXXXXXXXXXX

Example:

L1: FTXXXXXXXXXXXXXX     0.00   (Payment Amount)

L2: Remitter Name

L1: FTXXXXXXXXXXXXXX     0.00   (Payment Fee)

L2: PYMT FEE *

(* is a Pricing Code as outlined in our ‘Price List – International Payments’ for that Payment type)

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