Instant payment is a new electronic payment method. It is a transfer in euros executed in real time between two bank accounts held in a SEPA zone country1.
It is processed immediately, 24/7, including at night, weekends, and on public and bank holidays.
The beneficiary of an instant payment is credited of the funds within 10 seconds if the beneficiary's bank accepts this payment method.
1 SEPA (Single Euro Payments Area): EU countries plus Iceland, Liechtenstein, Norway, Monaco, Switzerland and San Marino