Sending SEPA payments with AIB?

Joevndo

Hi, I'm trying to add funds to my GDAX/Coinbase account through the use of a SEPA payment, but I'm unsure how to go about doing it. I'm with AIB, and they don't seem to have a dedicated SEPA section on their online banking site. GDAX provides me with the details, but I want to make sure I'm putting each detail in the right place.

They provide you with

IBAN
SWIFT/BIC
Bank Name
Bank Address (has Estonia at the end)
Bank Country (blank on their site)
Account Name
Account Address
Reference Number


When I go on to the AIB site, I click "International Payments". Here I am greeted with a dropdown for payment currency (euro), and a dropdown menu for the receiver's bank country. I am then brought to a page where I select the account I wish to pay out from, and then a text box titled "Your Message". I'm not sure if I'm supposed to leave this blank or not.

After that page, AIB requests the Receivers full name (is this the account name or bank name?), the receiver's IBAN, and then has 4 blank boxes labeled "Additional Information"

Then there is a page with one text box titled "Sender's reference" (I'm assuming that's where the reference number goes)

I would be grateful if you could clear this up for me as I don't want to end up sending money to the wrong account. Thanks!

CryptoMad

Joevndo wrote: »

Hi, I'm trying to add funds to my GDAX/Coinbase account through the use of a SEPA payment, but I'm unsure how to go about doing it. I'm with AIB, and they don't seem to have a dedicated SEPA section on their online banking site. GDAX provides me with the details, but I want to make sure I'm putting each detail in the right place.

They provide you with

IBAN
SWIFT/BIC
Bank Name
Bank Address (has Estonia at the end)
Bank Country (blank on their site)
Account Name
Account Address
Reference Number


When I go on to the AIB site, I click "International Payments". Here I am greeted with a dropdown for payment currency (euro), and a dropdown menu for the receiver's bank country. I am then brought to a page where I select the account I wish to pay out from, and then a text box titled "Your Message". I'm not sure if I'm supposed to leave this blank or not.

After that page, AIB requests the Receivers full name (is this the account name or bank name?), the receiver's IBAN, and then has 4 blank boxes labeled "Additional Information"

Then there is a page with one text box titled "Sender's reference" (I'm assuming that's where the reference number goes)

I would be grateful if you could clear this up for me as I don't want to end up sending money to the wrong account. Thanks!

Your Message: You put in your own message so that you will recognize the payment. You could enter “CoinBase”

Receivers name: I think it is CoinBase Ltd. All this information should be on CoinBase when you select deposit to Euro account.

4 blank boxes - Your CoinBase account reference and your name.

Senders reference - Your CoinBase account reference again

smacl

Joevndo wrote: »

I would be grateful if you could clear this up for me as I don't want to end up sending money to the wrong account. Thanks!

Always send a small amount like €5 to check the transfer mechanism works as expected prior to making a big transfer. Worst you can lose is a fiver. Don't know about CoinBase but it takes a number of hours (4-8) going to Kraken, so don't panic when nothing happens immediately.