What is an instant payment?
Instant payment is a 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 To view the countries that form part of the SEPA zone ("Single Euro Payments Area"), please click here: Spuerkeess: The SEPA Area: which countries are included?