Instant transfers are now free of charge
On 26 February, the EU Council Adopted the regulation on the instant transfer. The text should then simplify the use of the instant payment and extend to the entire euro area. In particular, a harmonization of pricing in order to push banking institutions to offer instant transfers (SCTInst) not overbilled, as well as traditional SCT (SEPA Credit Transfer) transfers, free of charge. Today it is done.
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