Friday 1 May 2020 is a European bank holiday-although a normal banking day in Ireland. As such, no electronic Euro payments can be made to bank accounts on that day.

Employers, for example, who normally pay salaries on the 1st of the month (including standing orders), will need to submit their payments by:

  • Tuesday 28 April for value on Wednesday 29 April or;
  • Wednesday 29 April for value on Thursday 30 April

This should ensure that beneficiary accounts are updated (credited) on Wednesday 29 or Thursday 30 April.

If employers do not pay early, some employees may not receive their wage/salary payments until Monday 4 May/Tuesday 5 May.

Transactions between two permanent tsb accounts are not affected.

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