How do Instant Transfers work?

Instant Transfers are made in real time, in euro only, and are only available if the recipient is an acceding Bank. These transfers are only available through all Bank channels.

The main benefits of these transfers are:

Fast -> the amount is available to the beneficiary in real time and at in a maximum of 10 seconds.

Availability -> service available 24 hours a day, 365 days a year.

Accessibility -> the service is available in almost 4.000 banks in the SEPA zone(1) and with constant new members.

Security -> For security reasons, the daily maximum limits on the telephone, Internet, mobile banking, and ATM/ATS channels may be lower than the levels specified in the price list. Additionally, transactions are confirmed in real-time to both the sender and the receiver(2).

1- Participating banks in Portugal: Banco Comercial Português, SA; Banco ActivoBank, SA; Banco BPI, SA; Banco Bilbao Vizcaya Argentaria (Portugal), SA; Novo Banco, S.A.; Bankinter, SA - Sucursal em Portugal; Caixa Central - Caixa Central de Crédito Agrícola Mutuo; Caixa Económica Montepio Geral, SA; Banco Santander Totta, SA.; Novo Banco dos Açores, SA; BEST - Banco Electrónico de Serviço Total, SA; Caixa Geral de Depósitos, SA; Banco Privado Atlântico - Europa, SA; Banco BIC Português, SA; BNI - Banco de Negócios Internacionais (Europe), SA; Caixa Económica da Misericórdia de Angra do Heroísmo; Caixa de Crédito Agrícola Mútuo de Leiria. (information as of August 31, 2022).

2- According to what is specified by the EPC (European Payments Council) in the scheme SEPA Instant Credit Transfer (SCT Inst). For security reasons, this operation may be subject to analysis and therefore the planned Service Level of 10 seconds may be changed.

See the price-list for more information.