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Q:

What are the different types of Bulk Payments?

A:
  • Standard domestic bulk payment - allows you to make a standard domestic payment to multiple beneficiaries from a single debit account. Bankline shows this as SDP BULK (standard domestic payment bulk).
  • Bulk Inter Account Transfer (IAT) - allows you to transfer funds to multiple euro credit accounts from a single euro debit account. Bankline shows this as BIAT.
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