The EU Parliament has given the green light to the new regulation on instant bank transfers. Member states will have 12 months to apply the new rules. Here's all the news
Thanks to the agreement with Nexi in February, Monte dei Paschi customers have access to the instant bank transfer service first on Digital Banking and gradually on all device channels
It will be possible thanks to the agreement between Nexi and Tips (Target instant payment settlement), the pan-European settlement service for instant payments managed by the ECB for countries that use the euro.
From today, the bank's more than 4 million customers can securely transfer amounts of up to 15 thousand euros in real time: the credit is very fast, in less than 10 seconds.
The Intesa Sanpaolo group, through the Banco di Napoli, was the first in Italy to start operating the outgoing instant bank transfer service - More than 2500 transactions were recorded for a value of almost 5 million euro.
The transfer took place in less than a second between Nexi and Creval through Nexi's Instant Payments platform.
The three institutions are the first in Italy to make the SEPA Instant Credit Transfer program available to customers through Eba Clearing's RT1 system
According to the EBA Clearing surveys, 19 European banks are ready to launch the instant bank transfer which from November will allow payments in euros to be made in seconds -
Real-time crediting of bank payments is about to start in Italy too: it will work 7 days a week for 7 hours a day - Intesa Sanpaolo will be among the first banks to launch it and it will start on 24 November: "The price…
Those who receive the transfer will also be called upon to pay a commission whose price, according to what was declared by Intesa (one of the few banks to have started the pilot phase of the instant transfer), "will be defined on the basis of the perceived value…