Uhh, I am Preplexed, now.
BoI has a
per transaction charge of €0.28 for holders of it's Standard Current Account.
But what does the location of Switzerland outside the Eurozone have to do with anything as the 10 new EU nations are also -
anywhere in the Eurozone (including the new countries like Poland, Lithuania etc )
This from the
Business section of the BoI website (and curiously no hits on 'IBAN' in the
Personal section, though!?!) -
Important Notice for Bank of Ireland Customers
Re: Change to Bank of Ireland's Cross-Border Electronic Euro Credit Transfers within EU/EEA States*
In line with EU Regulation 2560/2001, Bank of Ireland wishes to advise that from 1st January 2006, all cross-border electronic euro payments to EU/EEA countries for value amounts up to €50,000, will be processed for the same charge as the equivalent domestic euro payment. Currently Bank of Ireland processes all cross-border electronic euro payments to EU/EEA countries for value amounts up to €12,500, for the same charge as the equivalent domestic euro payment.
To avail of the lower charge, payments
must quote a valid IBAN and BIC. If you are in receipt of inward Euro payments, please inform the sender of your IBAN and BIC. Your IBAN and BIC are available on your Bank of Ireland account statement and online for Business On Line customers.
Eurozone is not the same as EU/EEA States. Switzerland is in the EFTA but failed to ratify it's EEA membership in December 1992.
Some serious bank mumbo-jumbo here, methinks.