BOI International Money Transfer

BOI International Money Transfer
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Bank of Ireland (BOI) International Money Transfer is a service offered by the Bank of Ireland that allows customers to send money overseas to a recipient’s bank account in a foreign country. The service is available to Bank of Ireland customers and can be initiated online or in a Bank of Ireland branch. BOI International Money Transfer offers competitive exchange rates and supports a wide range of currencies, making it easier for customers to transfer funds to most countries around the world. The service is secure, using the latest encryption technology to protect customers’ personal and financial information.

Bank Name BOI Bank of Ireland 
Headquarters Dublin, Ireland 
Founded On 5 April 1783

What are the Benefits of BOI International Money Transfer?

Some of the benefits of using BOI International Money Transfer service include:

  • You can initiate an international money transfer online or by visiting a Bank of Ireland branch, making the process easy and convenient.
  • Bank of Ireland offers competitive exchange rates for international money transfers, which can result in more money being received by the recipient.
  • BOI’s international money transfer service is secure and uses the latest encryption technology to protect your personal and financial information.
  • Bank of Ireland supports a wide range of currencies, making it easier to transfer money to most countries around the world.
  • Bank of Ireland has many years of experience in providing international money transfer services, and its reputation for reliability and efficiency can give you peace of mind when transferring funds overseas.
  • Bank of Ireland provides customer support for its international money transfer service, so you can get assistance if you have any questions or issues during the transfer process.

Must Read- HDFC International Money Transfer 

Bank of Ireland International Transfer Fees

Charges fees for BOI Bank of Ireland international money transfers. The exact fees depend on various factors, such as the transfer amount, the currency, and the destination country. Typically, the Bank of Ireland charges a flat fee for the transfer, as well as a percentage-based fee on the total amount being transferred. The fees are usually deducted from the transfer amount.

Service Fee Notes 
In Branch Transfer Inter pay plus 
In € to EEA or UK€0.50Currently waived
In € elsewhere1% of value Min €17.75Max €50+ FX (foreign exchange) margin
Online transfersBoI365 online Interpayplus
In € to EEA or UK€0.50Currently waived
In € elsewhere€12
In foreign currency to EEA or UKNo fee currentlySubject to change+ FX margin
In foreign currency outside EEA or UK€5+ FX margin

Bank of Ireland Exchange Rate

International money transfers with the Bank of Ireland are subject to a foreign exchange (FX) margin, as the table below illustrates.

Services Fee Notes 
Urgent in-branch transfersInterPayexpress
In € to EEA or UK€25.35 interbank
In € elsewhere1% of value Min €17.75Max €50+ €25
In foreign currency0.2% of value Min €12.50Max €50+ €25+ FX margin

Bank of Ireland International Transfer Limit

You can make up to £20,000 ($20,000) or €20,000 every day online. It starts off at €1,000 or £1,000 for new payees until they are properly set up, which might take up to 48 hours. If that’s a problem, get in touch with BoI.

Bank of Ireland international transfer time: How long does it take?

BOI International Money transfer Usually, it takes 1 to 3 working days to reach the intended bank account.

What Details Do You Need to Send Money Abroad With the Bank of Ireland?

Different information may be required when sending money abroad depending on the country. However, you’ll likely require bank information because

  • Destination Country 
  • Address and name of the recipient
  • IBAN of the recipient
  • The account number of the recipient
  • BIC/SWIFT of the recipient
  • The National Sort Code of the Recipient

What Details Do You Need to Give In Order to Receive an International Transfer?

If someone is sending you money from abroad, they should inquire about the bank information they require; however, you can provide them with the following

  • Names and addresses of you
  • The name and address of your bank
  • Your IBAN 
  • You’re BIC

Must Read- PNC International Wire Transfer 

What are the Charges for Receiving an International Transfer?

Receiving international transfers from the Bank of Ireland incurs fees if the total is greater than €65. Let’s check:

Amount Received Fee if received in €Fee if received in foreign currency
Up to €65No feeNo fee
€65 to €150€5€5
€150 to €1500€7.50€5
More than €1500€12.50€5

FAQs

Q1. What is Bank of Ireland International Money Transfer?

Ans. Bank of Ireland International Money Transfer is a service offered by the Bank of Ireland that allows customers to send money overseas to a recipient’s bank account in a foreign country.

Q2. What information do I need to provide to make an international money transfer?

Ans. To make an international money transfer, you will need to provide the recipient’s full name, bank account number, IBAN, BIC/SWIFT code, and the name and address of the recipient’s bank.

Q3. How long does an international money transfer take to process?

Ans. International money transfers can take several days to process, depending on the recipient’s bank and the country they are located in.

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