10 October 2025
Instant Payments are here
We’re delighted to share some exciting news for our members — from 9th October 2025, Synergy Credit Union will offer SEPA Instant Credit Transfers and Verification of Payee (VoP). These new services mean you can enjoy faster, safer, and more convenient banking — 24 hours a day, 365 days a year.
👉 Learn more about SEPA Instant and VoP
What is SEPA Instant?
SEPA Instant Payments allow you to send and receive euro payments in seconds, both within Ireland and across participating countries in the Single Euro Payments Area (SEPA). Whether it’s transferring money to family, splitting a bill with a friend, or making a payment to a business, funds arrive almost instantly — even on weekends and public holidays.
This is a major upgrade to traditional bank transfers, which could take a day or more to clear. With SEPA Instant, your money moves in real time.
Why SEPA Instant Matters for Our Members
- 💶 Send and receive money in seconds
- 🕒 Available 24/7/365 — even on weekends and holidays
- 🌍 Make payments across Europe to accounts in SEPA Instant–enabled banks and credit unions
- ✅ Improved convenience — no waiting for payments to clear
This is all part of Synergy Credit Union’s commitment to enhancing our digital services and giving members the same — and often better — payment functionality than traditional banks.
Verification of Payee (VoP): Added Security
Alongside SEPA Instant, we’re also introducing Verification of Payee (VoP). This smart security feature checks that the name and IBAN of the account you’re paying match before you send the money.
This helps protect you against misdirected payments and reduces the risk of fraud and scams by confirming you’re paying the right person or business.
Think of it as an extra safety net for your transactions.
A National Step Forward
Synergy Credit Union is proud to join credit unions nationally offering SEPA Instant Payments and VoP through the Pay Right Now initiative led by the Banking & Payments Federation Ireland (BPFI).
This national programme is designed to bring instant payments to everyone in Ireland, helping consumers and businesses benefit from faster, more secure banking
How to Start Using SEPA Instant and VoP
From 9th October 2025, members of Synergy Credit Union will automatically have access to SEPA Instant Payments and Verification of Payee.
Simply use your existing online banking or mobile app to send and receive instant payments. There’s no sign-up required — just enjoy the convenience of faster payments straight away.
For more information on how it works, visit our dedicated page:
Enhancing Member Services
These new services are part of our ongoing efforts to enhance your digital banking experience while keeping community and service at the heart of everything we do.
With SEPA Instant and VoP, Synergy Credit Union members can now enjoy real-time payments with the security and trust that come from banking with your local credit union.
Ready to Pay Right Now?
Instant payments are no longer the future — they’re here.
Experience faster, easier, and safer banking with Synergy Credit Union.
