Wednesday 1st May is a European bank holiday, although a normal banking day in Ireland.

As a result, the Euro currency clearing system is closed on that day and no electronic Euro payments can be made to external bank accounts on that day.

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

  • Friday 26th April for value on Monday 29th April or;
  • Monday 29th April for value on Tuesday 30th April

This should ensure that beneficiary accounts are updated (credited) on Monday 29th or Tuesday 30th April.

If employers do not pay early, some employees may not receive their wage/salary payments until mid-morning Thursday 2nd May.

Transactions between two Permanent TSB accounts are not affected, however should you submit a payment to an external bank account on 1st May, this will not be processed until 2nd May.

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