Benefits of joining our EFT platform
- ROI credit union members can access the Single European Payments Area (SEPA) for electronic funds transfers directly in and out of their accounts using IBAN’s. SEPA covers 42 countries.
- NI credit unions can access the BACs and Faster Payments Schemes for electronic funds transfers directly in and out of their accounts using National Sort Code’s and account numbers, throughout the UK.
- Lower bank charges for the credit union.
- Salaries, social welfare and pensions paid-in directly provides members with faster access to their funds.
- Utility and other bills can be paid by direct debit from member accounts e.g. Electricity, Gas, eir, Vodafone, Sky.
- Origination of direct debits can facilitate regular savings or loan repayments and eliminate the need for a member to visit and set-up standing orders at a bank.
- Using CUSOP with the services of your ITSP can enable online and mobile connectivity for members.
- Reconciliations made easier with online access to settlement account using Danske eBanking.