SEPA Instant Credit Transfer
Real-time payments to your company's accountIncoming funds available in seconds
You’ll get money from other banks to your company’s account within seconds, around the clock, every day of the year.
Information on received payments immediately available
Companies can match their accounts receivable on the same day to speed up deliveries and improve customer service.
Easier liquidity management and higher working capital efficiency
Incoming funds will be immediately at your disposal. One bank account is enough to cover the entire euro payments area.
Real-time payments across Europe
Payments are turning gradually into real-time now that SEPA Instant Credit Transfer is being deployed by banks in Europe at a quickening pace. Euro-denominated credit transfers can be completed within seconds between participating banks. Banks will join in the service in accordance with their own schedule, but the service is expected to be very extensive in the entire SEPA by the end of 2019.
As OP’s customer, you are automatically able to receive real-time SEPA Instant Credit Transfer from April 2019 onwards. No action is required on your part. We recommend you to check how your processes and systems could be changed to make the most out of real-time payments and information.
You’ll be able to send payments in real time on a later date.
SEPA Instant Credit Transfer in a nutshell
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Funds are transferred and available for use within 10 seconds after the payment is sent 24/7, each day of the year.
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The same service is used throughout SEPA between participating banks.
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The SEPA Instant Credit Transfer scheme has been built on the existing SEPA Credit Transfer scheme. Payment service providers can choose to join the scheme as an exclusively receiving, or both receiving and sending participant.
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There is no maximum amount for SEPA Instant Credit Transfers between Finnish banks. In the rest of the SEPA area there is a 15 000 euro maximum limit currently.
What do I have to do to be able to receive real-time payments?
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You can receive real-time payments without taking any action. All you need is a payment account denominated in euros at OP Financial Group.
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When the payer's bank sends a payment as a SEPA Instant Credit Transfer, the money will be available on your account within 10 seconds.
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You would gain full benefits by utilizing the information on received customer payments already during the same day in deliveries and customer service.
How much does a SEPA Instant Credit Transfer cost?
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The service fee for incoming SEPA Instant Credit Transfers is the same as for incoming transfers with a reference number or message.