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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