Has anybody ever set up an external account on their online banking (in particular PTSB's Open24 and Northern Rock Demand Online as the external account) to accept outward electronic transfers? If so what details are required? NR provide their sort code, their account number, the bank name, IBAN (for their account), BIC and also say that the sending bank should quote the individual's NR account number. However when I contacted PTSB Open24 about setting this up as an account/bill payment allowing me to transfer funds out to NR from time to time they seemed a bit unsure about which specific details they should use and if using the NR account number with my personal account number as a reference would work. And I definitely don't want money to go missing in the ether of the banking system! Any advice? Thanks.
Online banking electronic transfer to external account?
- Thread starter ClubMan
- Start date
I have visa card and an anglo irish account set up as a bill pay on PTSB open 24. I used the sort code and my own account number as the number and have never had any probs. Is Northern Rock an Irish based bank or ex irland. If it is outside ireland you need the IBAN number and the swift code and can transfer up to 12,500 at a time at just the banking online transfer charge.
Thanks for the feedback folks but I'm still a little confused...
The NR account is Irish based and PTSB specifically told me that they would not need to use the IBAN/BIC details.angie said:
So they need the NR holding (?) account number, sort code and the individual's NR account number?MugsGame said:
As above - it seems that they need the bank's holding account number, sort code and individual's account number but PTSB were not too clear about it and I was concerned that giving the wrong details could end up with money being lost. Especially since I recently attempted a wire trans from Ameritrade to PTSB based on the details given to me by PTSB and it failed due to incorrect information although at least the money reappeared in my Ameritrade account and they were nice enough to waive the fee for the failed transfer when I asked them about it.Alex said:
DrMoriarty
Moderator
- Messages
- 5,173
I have a similar setup to MugsGame's, except that the money goes from my BoI a/c to an EBS holding a/c — which is actually with UB, so it's a UB sort code and a/c no. — with my EBS MoneyManager a/c no. as the reference...
Hope that clarifies things?
P.S. It can take 3/4 days for that to happen, so I do it at the end of each month — on payday — to make sure it gets there in time for EBS to then transfer the money from our EBS MoneyManager a/c into our EBS SSIA a/cs on the 5th of the following month... All rather cumbersome, I'll grant you!
Hope that clarifies things?
P.S. It can take 3/4 days for that to happen, so I do it at the end of each month — on payday — to make sure it gets there in time for EBS to then transfer the money from our EBS MoneyManager a/c into our EBS SSIA a/cs on the 5th of the following month... All rather cumbersome, I'll grant you!
Er, thanks - but not really any clearer. Maybe I'm making a mountain out of a molehill but it's just not clear what information I should be giving to PTSB in order to set up NR as a bill payment or outward transfer account. Naturally I'm nervous of the wrong information causing money to go missing...
Same experience as Rainyday. Set all up myself using NIB online. Just needed my NR sort code and a/c #.
This is a simple process and it is beyond me why there should be any difficulty, but in the bad old days when I was with AIB & UB - neither were able to manage this either???
This is a simple process and it is beyond me why there should be any difficulty, but in the bad old days when I was with AIB & UB - neither were able to manage this either???
Yeah you only need the IBAN / Swift for outside Ireland. Within Ireland you need the sort code and your own northern rock account number nothing else. I wouldn't go transferring money to any account number other than my own. It should only take two days remember the banks are trying to encourage us to stop using cheques and use online instead. Set it up that way and transfer €5 as a test to see how long it takes etc.
A test transfer is the simplest thing to do here. Regardless, you should always make a note of all transfers and reconcile them periodically with your NR statement and balance.
On one occassion AIB took X Euro from my account but sent X hundred Euro to NR. NR also have an intermittent problem where lodgements show up on the balance immediately, but take a few days to show up in the transaction list.
On one occassion AIB took X Euro from my account but sent X hundred Euro to NR. NR also have an intermittent problem where lodgements show up on the balance immediately, but take a few days to show up in the transaction list.
DrMoriarty
Moderator
- Messages
- 5,173
If I pm you my NR a/c no., you can do a test transfer to me for a nominal fee...? I'll provide a prompt and comprehensive report, of course!
DrMoriarty
Moderator
- Messages
- 5,173
Do you not know that I am the temporarily-exiled-but-duly-elected Minister for Finance of several West African states? Maybe you and I should talk more, MugabesGame — please drop me a line at [email protected]...
Z
Zenith
Guest
Seems you have your answer Clubman, but just to let you know I do transfers from my PTSB Open24 to my NR account regularly with no problems. Just rang up PTSB and gave them the NR account number, sort code and my NR account number as reference. Dead handy.