Welfare payments delayed across Ireland after banks experience "industry-wide issue"

Welfare payments delayed across Ireland after banks experience "industry-wide issue"

SOCIAL WELFARE and child benefit payments have been delayed across Ireland after banks across Europe experience "industry-wide issue".

Recipients of social welfare and children allowance payments have been left without their money this morning due to what is being described as an “industry-wide payments issue”.

The banks affected are Ulster Bank and Permanent TSB.

AIB and Bank of Ireland have not been affected.

Weekly state pensions are the only welfare payments that have not been affected by the issue, while recipients of disability allowance, household benefit package, deserted wives payment, working family payment and farm assist have all been impacted.

The issue may be affecting European payments across a number of banks.

Ulster Bank released a statement on Twitter this morning that: “We are aware there is an industry-wide payments issue that has delayed some credits being applied to ROI Bank customer accounts.

“Investigations are ongoing to be able to apply these credits to customer’s accounts as soon as possible.”

Permanent TSB released a similar statement that said: "Due to a European payments delay, payment transactions between banks have not been received this morning. This means that any payment due to transfer to your account from another bank this morning has been delayed.

"Due to this European payments delay, there are a number of banks experiencing this issue this morning. We are monitoring the situation & payments will be processed as soon as received. "

The Banking and Payments Federation of Ireland has advised that payments processing has recommenced and all customers will receive payments to their accounts in the course of the day.