New Instant Transfer Regulation

In compliance with the new European regulation on instant payments (EU Reg. 2024/886), significant improvements to the SEPA transfer service will be implemented from October 2025, for both standard and instant transfers. These measures aim to strengthen the security, efficiency, and transparency of your banking transactions.

Euro transfers in less than ten seconds | News | European Parliament

What’s changing?

– 24/7/365 availability: Instant transfers will be available at any time.

– Faster processing: The execution time for an instant transfer will be reduced to 10 seconds.

– Same price: Instant transfers will cost the same as standard transfers.

– Limit management: You can set daily or per-transaction limits for greater control.

– The operating limits for instant transfers are aligned with those for standard transfers, and the current €15,000 limit is eliminated.

Verification of the Beneficiary (VoP)

A free service is now required to verify that the beneficiary’s name matches the recipient’s account holder’s name (IBAN) before executing the SEPA payment order.

This service:

– Prevents errors and fraud.

– Informs you of any discrepancies.

– Allows you to decide whether to proceed with the transaction.

From October 9, 2025, this service will be mandatory for transfers made from accounts held in European Union member states whose currency is the euro.

What are the possible VoP results?

The possible VoP results are as follows:

– Match: the proposed name matches the beneficiary’s account holder’s name.

– Non-match: The proposed name does not match the name of the beneficiary account holder.

– Almost match: The beneficiary account holder’s name is very similar to the one indicated. In this case, the account holder’s name will be displayed so you can confirm it is the person you wish to transfer the money to.

Additionally, you will also be notified if the VoP service is not available in the country where the beneficiary’s account is held.