Instant Payments: that’s how fast payments will be in 2019!

It is often already possible to transfer money real-time between two accounts of the same bank. This great real-time experience will now also become normal for transfers between accounts of different banks, as of the introduction of Instant Payments early 2019.


The credit transfer, Instant Payment, is processed within 5 seconds and the funds are directly available for re-use by the recipient, also when bank accounts are held at different banks.

 

 


Instant Payments can be made at any time of the day, every day of the year. Also during weekends, on public holidays or even at night.

 

 

Instant Payments is based on a European standard making transactions between Dutch and European banks possible.

The Dutch banking community believes that Instant Payment transaction volumes will increase quickly, making Instant Payments the ‘de facto’ standard i.e. the ‘new normal’ for payments.

For more information go to FAQs or take a look at the Instant Payments infographic.

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