Procedure for transferring large sums abroad

pickarooney

Hi,

I am planning on purchasing a house in France (where I am a resident) and will need to transfer a marge sum of money from a BoI account in Ireland to France.

Are there any particular issues, paperwork etc. that I should be aware of and what is the best/quickest way to do it ?

Thanks

Bank of Ireland: Tara

pickarooney wrote: »

Hi,

I am planning on purchasing a house in France (where I am a resident) and will need to transfer a marge sum of money from a BoI account in Ireland to France.

Are there any particular issues, paperwork etc. that I should be aware of and what is the best/quickest way to do it ?

Thanks

Hi pickarooney,

Thanks for your post. 

You can transfer up to €20,000 per working day on 365 to payees that have been set up and activated on the new mobile app or via a security code received by post. There is no transfer fee for SEPA transfers and if requested on a working day before 3.30pm the transfer will reach the other bank the following working day. 

If the amount is above €20,000 you can request an Interpay in your local branch. The Interpay form is available here and you will need the IBAN and BIC for the account in France for both online and branch transfers. 

Thanks
Tara

pickarooney

Thanks very much Tara. If I were to make three transfers on three successive days that wouldn't be a problem then?

Bank of Ireland: Tara

pickarooney wrote: »

Thanks very much Tara. If I were to make three transfers on three successive days that wouldn't be a problem then?

Thanks for getting back to us. No that would be fine to make the transfers this way. The daily limit resets at 3.30pm each working day so you could make one transfer today, another tomorrow before 3.30pm then another just after that time. The transfer made after 3.30pm would be processed the following day. Hope this makes sense. 

Thanks
Tara

pickarooney

Hi Tara,

I tried to send myself a sum of money but I got a message saying that I was limited to 10,000 per transaction to this payee.
Could you help me correct this so I can send the full 20k per transaction?

I can send the account numbers from the originating and destination bank by PM.

Thanks
Richard

Bank of Ireland: Richard F

pickarooney wrote: »

Hi Tara,

I tried to send myself a sum of money but I got a message saying that I was limited to 10,000 per transaction to this payee.
Could you help me correct this so I can send the full 20k per transaction?

I can send the account numbers from the originating and destination bank by PM.

Thanks
Richard

Hi  Pickarooney,

Thanks for getting back to us and we're sorry to hear you're having difficulty making this transfer. Can we ask you to delete and reinstall this payee using the app? This should then allow you to transfer up to €20,000. Hope this helps.

Thanks,
Richard

pickarooney

Will that affect a pending transaction issued this morning? i.e should I wait until the transaction completes before removing the payee?

Bank of Ireland: Richard F

Hi Pickarooney,

This would not affect any transfers that have already been made on your account. These will go through as normal.

Thanks,
Richard