(Updated May 2022) bunq is another of the newer digital banks that are available in Ireland.We have reviewed and compared similar digital banking apps such as Revolut and N26. Bunq has been available in Ireland as a payment card for a few years now – but they have gradually upgraded their service to a fully […]
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IBAN
What is an IBAN and BIC?
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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SEPA – Single Euro Payment Area
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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