The Dutch banking sector is currently developing a new infrastructure for real-time payments (Instant Payments)

The benefit of an Instant Payment is that the payment amount will be immediately credited on the account of the beneficiary resulting in access to the funds for the beneficiary within a matter of seconds. Regardless of where the bank account is held. The new infrastructure will be available continuously, 24/7 but also during weekends and public holidays.


Development in full swing

The development of Instant Payments was taken up immediately after the announcement in 2015. The first phase, the design of the infrastructure, has been completed and the building phase has started. The building phase will continue into 2018 after which as of mid-2018 testing is scheduled to take place. 2019 will start with a pilot aimed at gaining experience in practice. In May 2019 the infrastructure will be launched in full swing, enabling in principle all payment service providers to use the new infrastructure and start offering Instant Payment services to their customers. Various Dutch banks are already committed to offer Instant Payments via their online and/or mobile channels and will ensure that their accounts can be reached by Instant Payments initiated elsewhere.

European developments

Meanwhile Europe has also taken on the introduction of Instant Payments. The European Payments Council (EPC) has published the ‘SEPA Instant Credit Transfer Scheme Rulebook’. With this standard Payment service providers in Europe are able to exchange Instant Payments since November 2017. Participation is optional; an overview of the participants is available on the EPC website. The Dutch community implements Instant Payments according to this standard to ensure that exchanging Instant Payment transactions from/to all SEPA countries in Europe will be possible.

Faster, higher and more…

The Dutch banking sector aims to process the Instant Payment transactions within strict time limits (5 seconds) and will apply no amount limit. The European standard allows for an average speed of 10 seconds and a maximum amount limit of € 15,000 per transaction. In addition, it is believed that more and more use cases for Instant Payments will be discovered, and that the use of new infrastructure will grow rapidly, making Instant Payments the ‘de facto’ standard i.e. the ‘new normal’ for payments in the Netherlands.

Key milestones

Instant Payments requirements Netherlands

The Dutch Instant Payments requirements consist of five documents bundled in a Documents Suite. The documents provide information concerning the design and development of the Dutch Instant Payments program. The final 4.0 version of the Document Suite can be obtained by sending an email to:

More information

Dutch Requirements for Instant Payments available via email.

Useful links