ADVANTA GROUP

News

EUROPEAN BANKS APPROVE IMMEDIATE TRANSFERS UP TO 15,000 EUROS BETWEEN EUROPEAN COUNTRIES

EUROPEAN BANKS APPROVE IMMEDIATE TRANSFERS UP TO 15,000 EUROS BETWEEN EUROPEAN COUNTRIES

21 Nov 2017

As of today, 21st of November 2017, immediate transfers between European countries will start operating, which will allow the money transferred to be in the account to which it has been sent in 10 seconds when it usually took 24 hours or even days.

The new platform will allow individuals and companies to make real-time transfers during 24 hours every day of the year.

In Europe, a total of 585 financial institutions will initiate these express transfers, corresponding to eight countries: Spain, Germany, Italy, Austria, Estonia, Latvia, the Netherlands, Finland and Lithuania (in the case of Germany the incorporation of its banks will be gradual until July 2018).

The European Payments Council (EPC) urges all financial institutions to participate, at least, as receivers. At the moment, almost all the Spanish financial institutions have adhered to this initiative.

It is expected that in one year, by November 2018, all the European countries and Banks will have joined.

The introduction of the SEPA bank transfers (Single Euro Payments Area) also implies a reduction of these operations, since the cost will initially be of 0,20 Euros for the banks during the two first years, although it could increase to 0,50 Euros thereafter. The bank may or may not transfer this cost or charge a commission to the Customer, although financial sources ensure that Spanish banks initially do not intend to impose a fee.

Contact us today.

Please submit your enquiry using the following form and our staff will respond to any of your queries.

Responsable del tramineto: ADVANTA GROUP, Finalidad del tratamiento: Gestión y control de los servicios ofrecidos a través de la página Web de Servicios legales, Envío de información a traves de newsletter y otros, Legitimación: Por consentimiento, Destinatarios: No se cederan los datos, salvo para elaborar contabilidad, Derechos de las personas interesadas: Acceder, rectificar y suprimir los datos, solicitar la portabilidad de los mismos, oponerse altratamiento y solicitar la limitación de éste, Procedencia de los datos: El Propio interesado, Información Adicional: Puede consultarse la información adicional y detallada sobre protección de datos Aquí.

© 2023 ● Design: MediaelxLegalPrivacyCookies policyWeb map