From 9 January 2025 i bank transfers instant they will have the same conditions as ordinary ones: same costs so or even freewith all banks obliged to receive them. In fact, the new EU rules come into force, which aim to make the instrument fairer and more accessible. Furthermore, by the end of the year, all banks will also have to offer the service, and will no longer be obliged only to receive them.
Instant bank transfers, everything changes from January 9th
From 2025, therefore, i bank transfers instant they will cost the same as traditional bank transfers, and all banks will have to accept them.
The new European regulations, in force from January 9th, review the payments directive, making access to this service easier for consumers and companies, eliminating the additional costs that until now weighed on this type of transaction.
In the future, instant transfers could compete with payment cards
Currently, among those that offer the service, only 20% of banks offer it free instant transferswhile other banking institutions combine them with a higher rate, either fixed or made up of a variable sum.
How much do instant transfers cost
Il cost of an instant transfer depends on the type of commission applied. The fixed ones vary from 0.90 to 7.75 euros, with an average of 1.85 euros, while the variable commissions, linked to the amount transferred, can significantly increase the cost.
Even for traditional bank transfers, many banks impose commissions, which differ between online operations and those carried out in branches.
For example, a SEPA transfer costs on average 0.37 euros if made online and 4.37 euros if done over the counter. The new regulations do not eliminate these costs, but standardize the commissions applied to both ordinary and instant transfers, making them equivalent.
The obligation to send immediate transfers
After the first step, from 9 October European regulations require that banks not only accept instant transfers, but are also obliged to offer the possibility of send themthus contributing to the diffusion of this service.
To ensure the security of transactions, the new directives oblige banks and payment service providers to implement anti-fraud measures, avoiding errors in transfers and protecting against scams.
At the same time, lenders will need to allow customers to set limits for instant transfers.
What is an instant bank transfer
Immediate or instant transfers can be made at any time, day or night, 365 days a year, unlike traditional ones which are limited to working hours.
The money takes about 10 seconds to be transferred and visible at the destination bank. This peculiarity makes them ideal for purchases in shops, as they allow businesses to access funds quickly.
In the future, instant transfers could replace some cash payments, checks and even compete with payment cards.
Photo source: iStock
Source: notizie.virgilio.it
