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What is SEPA Money transfer?


SEPA Money transfer allows you to submit large files via Bankline for the bulk payment of credits e.g. payment of salaries, wages and creditors.

SEPA Money transfer allows you to pay any SEPA-reachable IBAN in the SEPA-Zone (this is any country in the EU, plus Norway, Iceland, Liechtenstein, Switzerland and Monaco). The debit account must be a standard Ulster Bank euro account, and the payments must be made in euro. This is done by submitting a file in XML pain.001.001.03 format via Bankline SEPA Money transfer.

Please speak to your Relationship Manager if you are interested in SEPA Money transfer.

Please note that SEPA Money transfer replaces the original credit transfer element of Money transfer.

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