• EU Banking Sector Initiative 
    Made up of 34 Countries. Including 18 EU member states in the Eurozone (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain). 10 states not in the Eurozone (Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Lithuania, Poland, Romania, Sweden and the United Kingdom). 4 European Free Trade Association (EFTA) member states (Iceland, Liechtenstein, Norway, Switzerland. As well as Monaco and San Marino. 
  • We are SEPA Compliant
    Meaning that international Euro transactions made via BNF Bank within the SEPA zone will be seamless and effortless.
  • Benefits For You
    Reduced costs, minimal processing risks, standardised payment formats and bank interfaces, as well as more accessible markets. Receive all payments including social security benefits, salaries and pensions directly to a bank account in a fast and secure way. 
  • Automation and Centralisation
    Make payments simpler and more transparent, with fewer differences in bank fees across Europe and reduced fees in higher-priced markets.
  • IBAN Number
    A standardised bank account number that is unique to your account, used to affect all euro payments in the SEPA zone. Making cross-border payments fast, efficient, simple and secure, while avoiding additional charges.
  • SEPA Credit Transfer (SCT)
    All local euro payments, including Direct Credits, must also be SEPA compliant. There is no limit on the payment amount and the beneficiary’s BIC and IBAN are required. Payments are made in full, and any fees are charged by the respective banks to the respective remitter or beneficiary. 
  • Bulk Payments
    For corporate and business clients outward SCT can be submitted in bulk via file upload through BNF Internet Banking. Files must conform to the SEPA XML standard. 
  • SEPA Debit Transfer (SDD)
    Pay your bills directly with SDDs. These need to work in XML format, and the beneficiary’s BIC and IBAN are required to make the transfer.
  • Other Methods of Payment
    Payments outside of SEPA can be made or received in all operating currencies, including euro. Urgent payments can be made on the same day anywhere in the world, including SEPA countries, with same day value. Non-SEPA payments can still be made through BNF Internet Banking, 24/7, and payments can be done through SWIFT.

Useful Links

BNF BANK Base Rates
Base Rate
Rates (p.a)
Bank Base Rate
2.50%
Home Loan Base Rate
2.20%
Savings Account - Credit Interest Rates (p.a)
Balances
EUR
GBP
USD
Up to 50,000
0%
0%
0%
Over 50,000
0.05%
0%
0%
Deposit Accounts - Credit Interest Rates (p.a)
Type of Account
Balances
EUR
GBP
USD
Direct Salary Account
Up to 25,000
Over 25,000
0.25%
0%
n/a
n/a
n/a
n/a
Current Account
Salary Account
Any Balance
0%
n/a
n/a
Students Online
Savings Account
Up to 25,000
Over 25,000
0.25%
0%
n/a
n/a
n/a
n/a
Students Current Account
Any Balance
0%
n/a
n/a
Savings Schemes
Type of Account
Balances
Balances (€)
Rates (p.a.)
Monthly Savings
Full period
Any Balance
0.50%
1.75%
New Generations Account
Full period
Up to 25,000
Over 25,000
1.75%
0%
*The Hi-Saver Account is a 15-month term deposit split in two terms as described in the above table.
Standard Term Deposits
Term
Rates (p.a) Minimum balance €500 - €1,000,000
3 months
0.10%
6 months
0.15%
1 year
2.75%
2 years
3.00%
3 years
2.90%
4 years
2.00%
5 years
2.00%
7 years
1.75%
Term
Rates (p.a) Minimum balance £500 - £1,000,000
1 months
0.01%
3 months
2.00%
6 months
2.50%
1 year
3.50%
2 years
3.00%
3 years
3.00%
Term
Rates (p.a) Minimum balance $500 - $1,000,000
1 months
0.01%
3 months
0.10%
6 months
0.15%
1 year
0.20%
2 years
0.30%
3 years
0.40%
Flexi Term Deposits
Term
Withdrawal Dates
Rates (p.a)
1 year
91st day
181st day
271st day
Maturity
0%
1.25%
1.50%
2.75%
2 years
181st day
366th day
Maturity
1.00%
2.00%
3.00%
3 years
366th day
731st day
Maturity
1.90%
2.40%
2.90%
Internet Banking Term Deposits
Term (days)
Rates (p.a) €500 - €1,000,000
45
0.05%
90
0.15%
180
0.20%
360
2.75%
730
3.00%
1095
2.9%
Foreign Exchange Rates - 22/05/2024
Country
Ccy rate per EUR
Bank Notes Buy
Bank Notes Sell
Others Buy
Others Sell
UK
GBP
0.8893
0.8264
0.8656
0.8384
USA
USD
1.1335
1.0534
1.1034
1.0686
Interest Reference Rates
Term to Maturity
Date
EURIBOR
SOFR ($)
SONIA (£)
Overnight
20/05/2024
-
5.310
5.200
3 Mth
20/05/2024
3.822
-
-
6 Mth
20/05/2024
3.787
-
-
12 Mth
20/05/2024
3.673
-
-
Indicative % mark-ups for using your BNF Card in the EEA (Non-Eurozone)
European Economic Area (EEA) Currencies
Total FX % Charge - VISA Debit
Total FX % Charge - VISA Credit
Bulgarian Lev (BGN)
1.75%
1.75%
Czech Koruna (CZK)
2.04%
2.04%
Danish Krone (DKK)
1.75%
1.75%
Hungarian Forint (HUF)
2.24%
2.24%
Icelandic Króna (ISK)
2.10%
2.10%
Swiss Franc (CHF)
1.86%
1.86%
Swedish Krona (SEK)
2.12%
2.12%
Norwegian Krone (NOK)
2.32%
2.32%
Polish Zlotych (PLN)
1.96%
1.96%
Romanian Lei (RON)
2.17%
2.17%
Pound Sterling (GBP)
2.10%
2.10%
Indicative % mark-ups for using your BNF Card in the EEA (Non-Eurozone)
Top Equity Indices
Country
Indices
Date
% Var
Last Reference
European Indices
Malta
MSE
03/07/2023
0.13
3,754.34
Portugal
PSI20
03/07/2023
1.15
5,988.18
Spain
IBEX35
03/07/2023
0.54
9,644.80
France
CAC 40
03/07/2023
-0.18
7,386.70
Germany
DAX
03/07/2023
-0.41
16,081.04
UK
FTSE 100
03/07/2023
-0.06
7,527.26
PanEuropean
Euro Stoxx50
03/07/2023
-0.02
4,398.15
USA
USA
DAX
DAX
DAX
34,418.47
USA
NASDAQ Comp
03/07/2023
0.21
13,816.77
USA
S&P 500
03/07/2023
0.12
4,455.59
Asia
Japan
Nikkei 225
03/07/2023
-0.98
33,422.52
HongKong
HangSeng
03/07/2023
0.14
19,328.46
Commodity Market
Date
% Var
Last Reference
ICE Brent Crude
03/07/2023
0.59
75.09
Gold (spot)
03/07/2023
0.27
1,926.48
Silver (spot)
Portugal
0.26
22.98