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BANKS HAVE BEEN contacting employers in recent weeks to ensure there’s no repeat of problems that saw thousands of people left without wages this time last year.
The May Day bank holiday takes place in Ireland next Monday – but on the Continent, the holiday is being observed on Friday.
It means that inter-bank transactions won’t be processed on either Friday or Monday.
Companies and government agencies with large payrolls have been advised to arrange payments a day early – otherwise, many workers expecting to get their monthly payment on Friday wouldn’t get it until next Tuesday.
Industry body the Banking and Payments Federation, Ireland has also placed ads in national papers in recent weeks, advising bosses of the deadline.
“Employers, for example, who normally pay weekly wages on Friday or monthly salaries on the 1st of the month (including standing orders) will need to submit their payments to their bank by Wednesday 29th April to ensure that beneficiary accounts are updated (credited) on Thursday 30th April,” the BPFI notice said.
“If employers do not pay early, some employees may not receive their wage/salary payments until Tuesday 5th May, as Monday 4th May is a local bank holiday in Ireland.”
A pan-European payment system came into effect last year – and problems over the May bank holiday weekend in 2014, dubbed a ‘SEPA holiday’, caught many people off-guard, despite a pre-deadline information campaign.
A spokesperson for Bank of Ireland said the bank had been pro-actively contacting employers in recent weeks as part of an industry-wide awareness effort, and that the response had been very positive.
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The world of music breathes a collective sigh of relief!
F**k you deputy Gogarty,
F**k you….
Thats most un parliamentary language Top Cat.
Musican? Politician? Chancer more like it.
It just shows how pissed off the voters are voting this jinit in
He is no musician. He is no politician either. The first doesn’t matter. The second does. Despair at this result
Honestly if this man can become a TD absolutely anyone can. I’m all for the people being represented in government but this takes the piss. I just might run myself next time…….
Why don’t you? Talk is cheap though.
The desire to be in politics should immediately render one ineligible….
If K Egan can become a TD absolutely anyone can, you surely mean
Sometimes I worry about the level of political debate.
Tool.
Fascinating. You’re talents as a debater are wasted here.
Musician, eh?
He has the vocabulary to be a gangsta rapper, anyway.
God help Ireland!
Patrick Moore, founder of Greenpeace, has recently stated that The Green movement has become a religion. I agree, a pagan Earth worshipping religion.
@William – not so long ago, I looked up the pillars and principles of the Green Party. It was interesting to see how closely they align with the pillars of Marxism, albeit dressed up in different clothes.
He should stay as a musician.
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