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Instant payments and VOP

04 October 2025

Instant payments and VOP

From October 2025, Credit Unions, banks and payment service providers in Ireland and across the eurozone are rolling out SEPA Instant payments which allows consumers and businesses to make a euro payment to a payee within 10 seconds, 24 hours a day, any day of the year.

Alongside this, a new Verification of Payee service, known as VOP, will also be rolled out for all SEPA payments. VOP works by checking the payee’s name entered for a payment against the name associated with recipient’s account. This will help our Credit Union members ensure that their payments go to the right recipient.

These additional services are being introduced as part of the EU’s Instant Payments Regulation. Since January 2025, banks and payment service providers across the eurozone were required to receive SEPA Instant payments and from 9th October 2025 will be required to offer the ability to send SEPA Instant payments.

See more by viewing the PDF:

Click Here to See More

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Instant payments and VOP

Loughrea Main Office

Address:
Dunkellin Street, Loughrea, Co. Galway, Ireland,
Tel:
091/841773
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Naomh Breandan Credit Union is Regulated by the Central Bank of Ireland. Reg No. 135CU

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