SEPA Instant Payment allows you to send funds to beneficiaries within 10 seconds, 24/7, including weekends and bank holidays.
Where to configure it:
Go to Settings > Company Rules > Payment Methods > SEPA Instant Payment Limits
How to activate/deactivate:
Instant Payment are activated by default. You can toggle the Instant Payment option off at any time in the Payment methods settings (Settings > Company Rules > Payment Methods) to deactivate it.
To re-enable it, a Strong Customer Authentication (SCA) via your mobile app will be required.
Default limits:
• Per transfer: €100,000
• Daily: €500,000
These limits can be customised by transfer and by day in the settings (Settings > Company Rules > Payment Methods). Any change requires a Strong Customer Authentication (SCA) via your mobile app.
Who can configure it:
Account Owners only.
Notifications:
The Account Owner receives an email confirmation each time instant payments are activated, deactivated, or limits are updated. They will also get a notification for each instant transfer to confirm whether they were successful or failed. The status of the payment can also be seen in the history of payments page.
Eligibility:
• EUR wallet only
• SEPA zone beneficiaries only
• Payment must be up to 100,000€ per transfer and 500,000€ per day or below the customized per-transfer and daily limits
• If a payment exceeds the limits, it will be processed as a standard SEPA transfer (1–3 business days)