From February 1st the SEPA Conversion Service offered by most Irish Banks will cease to be available. The SEPA Conversion Service allowed Bank clients to continue submitting “Old Format” bulk payment files – ones containing Sort Code and Account Number details – for processing under the SEPA Scheme. Once submitted, the Bank would convert the Sort Code and Account Number details to their respective BIC and IBAN equivalents, along with some other formatting changes to make the bulk payment file fully SEPA Compliant. Along with other changes coming into effect from February 1st, this Conversion Service is to be withdrawn … Continue reading Banks to end SEPA Conversion Service