Instant credit transfer is available in Europe !
Pay your beneficiary in just a few seconds in the SEPA zone !
An instant credit transfer is a payment that is executed and credited on the beneficiary's account within a few seconds in most Belgian banks, at any time, 24/24, every day of the year. As from now on, it is also possible to make an instant credit transfer in the whole SEPA zone if the beneficiary's bank allows it and if the amount does not exceed 100,000 euros per transaction.
ING credits the beneficiary’s account within a few seconds, 24/24, 7/7, every day of the year.
In Business'Bank and Telelink Online, the instant payment is offered as an option, and it is charged. Of course, payments between two ING Belgium accounts are both instant.
Reporting - CODA
The transactions will be reported as Instant. A new code has been created for Instant payments in the CODA.
Please consult the Febelfin website (PDF) for more details.
SEPA stands for Single Euro Payments Area.
It consists of the Member States of the European Union (Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal (including the Azores and Madeira), Romania, Slovenia, Slovakia, Spain, Sweden, the United Kingdom (including Gibraltar and Northern Ireland)) and Iceland, Liechtenstein, Andorra, Monaco, Norway, Switzerland and San Marino.
Manage your instant payments quickly and easily online via Business'Bank or Telelink Online.