(Updated April 2024 ) bunq is another of the new digital banks that are available in Ireland. (pronounced “bunk”.)We have reviewed and compared similar digital banking apps such as Revolut and N26. Bunq is a fully licenced EU bank – and any money held with them is protected by the Deposit Guarantee Scheme of the […]
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All current bank accounts have a BIC and an IBAN to identify them. You will need to give your IBAN and BIC to organisations that need to pay money into your bank account – such as Social Welfare BIC The BIC (Business Identifier Code) is a unique address which identifies precisely the Bank (not the […]
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The Single Euro Payments Area ( SEPA ) is a European Union regulation that is supposed to simplify financial transactions. It comes into effect fully in just under a year – on 1st February 2014. It will mean that from 1st February 2014 an International Bank Account Number (IBAN) and a Bank Identifier Code (BIC) […]
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