Framework Contract

Dear Member,
 

We’re making it easier and faster for you to send and receive money. Starting 1st September 2025, your Credit Union account will support a new feature called SEPA Instant Transfers.
 

To support these new services, we have made changes to the Regulation 76 Framework Contract. This document is a regulatory requirement that sets out certain provisions on your payment services with us. You can access a copy by visiting our website here or by requesting a copy through our office.

What’s New?

• You can send money in seconds, any time—day or night, even on weekends and holidays.
• You’ll get a message right away to let you know if the payment went through.
• You can set a limit on how much you want to send at once. This must stay within the Credit Union’s overall limits. 

What You Need to Know

• These changes form part of your account’s terms and conditions.
• If you don’t agree with the changes, you or your parent/guardian can let us know in writing before 1st September 2025.
• If we don’t hear from you, we will assume you consent to the update.

A Note for Parents or Guardians of Minor Members
 

The above contains important updates to the Regulation 76 Framework Contract, which outlines how payment services are provided. If your child is under 16 or you help manage their account, we recommend reviewing this information together. You can find the full details at www.progressivecu.ie and in any of our branches. If you have any questions, please contact our team—we’re happy to help.