Bank of Ireland to increase online services with €10m investment

BANK of Ireland is investing €10 million in its internet banking service, adding a new online international payments service primarily aimed at Ireland’s migrant community.

Among the other new services being offered to the bank’s 650,000 registered online customers are mobile top-up, the setting up of third party beneficiaries and the ability to set up, amend and cancel standing orders.

The bank said yesterday 80% of all international payments through its branch network are for EU countries, with an estimated one in four going to Poland, the most popular destination.