Are these issues unique to Ireland?
This is BoI acting the maggot IMO. My German bank is fully SEPA and I can move money from one account to another instantly. Internal transfers don't and probably shouldn't go through the SEPA system. Why on earth should they need to?A simple domestic transfer between 2 Bank of Ireland accounts is taking up to 8 hours to process now - as opposed to immediate as was the case previously.
We verified this with the bank and they have informed us that the SEPA clearing system has introduced significant delays within the bank - in simplistic terms the transfer is sent to SEPA clearing processor before coming back to the destination account.
I fail to see how SEPA could have had any effect on the revenue's income for January, as it doesn't come into force until 01st February 2014.
My February mortgage payment wasn't collected last Friday although sufficient funds in my account. My separate overpayment to my mortgage a/c went through though. Could this be SEPA related? I won't be able to speak to my branch until tomorrow morning.
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