SEPA Instant Payments

MEMBER NOTICE

Dear Member,

We are excited to let you know about some improvements we are making to your Regulation 76 Framework Contract, specifically around how payments work in your account.

What’s Changing?

Since January 2025, you have been able to receive instant payments to your payment account – meaning when someone sends you an instant payment, it shows up in your account balance straight away. 

Starting from 01^st September 2025, you will also be able to send instant payments from your account. If you decide to make an instant payment, these payments will reach the receiving account within 10 seconds. We will keep you informed through our website and online services as this feature becomes available to you.

To get ready for these changes, we have updated our Regulation 76 Framework Contract. You can download a copy anytime from our website at www.carlowcreditunion.ie. 

What if I do not want to accept these changes?

If you do not want to accept these changes, you have the option to close your account. This is free of charge as long as you have cleared any loans and/or fees due. You can do this by writing to us at Carlow District Credit Union, Askea, Carlow, Co. Carlow.

To accept these changes, you do not need to do anything, and you can continue to use your account. Unless we hear from you before 1^st September 2025, the updates will automatically take effect.

Who can I contact if I have any questions?

If you would like to speak to someone about these changes, our friendly staff are happy to assist you. You can visit us at our offices, call us on 059-9131994 or email us at info@carlowcreditunion.ie.