The Central Bank of Barbados has announced the transition of interbank transfers from the Automated Clearing House and Real-Time Processing systems to BiMPay, Barbados’ new national instant payment system. The Automated Clearing House will go offline at 2:00 p.m. on June 12, 2026, the Real-Time Processing system will become unavailable from 7:00 p.m., the formal switch to BiMPay will take place at 11:59 p.m., and interbank transfers will resume on BiMPay from 1:00 a.m. on June 13. The temporary interruption will affect interbank transfers currently processed through the existing rails, while ATM, point-of-sale and intrabank transactions will continue as normal during the migration. Customers needing to complete transactions have been told to confirm institution-specific cutoff times with their financial institution. Once live, BiMPay will provide fully interoperable real-time payments on a 24/7/365 basis, allow transfers using aliases such as mobile numbers or email addresses, and support wallet-based access, request-to-pay and QR-code payment acceptance. All six commercial banks and the three largest credit unions, Barbados Public Workers’ Co-operative Credit Union, City of Bridgetown Co-operative Credit Union and Affinity Plus Credit Union, will participate from launch.
Central Bank of Barbados2026-06-09
Central Bank of Barbados schedules June 12 migration to BiMPay replacing ACH and RTP for interbank transfers
The Central Bank of Barbados will migrate interbank transfers from the Automated Clearing House and Real-Time Processing systems to BiMPay, the new national instant payment system, with a brief interruption during the switchover. ATM, point-of-sale and intrabank transactions will remain available, and customers have been advised to check institution-specific cutoff times. BiMPay will offer fully interoperable real-time payments 24/7/365, support alias-based and wallet access, and include all six commercial banks and the three largest credit unions at launch.