Credit transfers
For OP customers, credit transfers are automatically available, free-of-charge, via all channels.Real-time payments in seconds
Euro-denominated credit transfers can be completed within seconds between banks participating in SEPA instant credit transfer.
Liquidity management made easier
Funds are transferred in real time and are available immediately after arriving. One bank account is enough to cover the entire Single Euro Payments Area.
Payment details available immediately
You can reconcile your company’s sales ledger on the same day, speeding up deliveries and improving customer service.
For flexible, affordable payment
Finland belongs to the Single Euro Payments Area, SEPA, within which fees for euro-denominated cross-border payments are the same as domestic charges. You can make a payment order at any time on any day of the year. Charges are the same across the entire Single Euro Payments Area.
Approved payment orders made with the relevant material by 14.00 on a banking day are transferred to other banks across the SEPA area on the same day, within a few hours at most.
Real-time payments can be made, with no upper limit, via almost all banks operating in Finland. For the time being, some European banks apply an upper limit of 100,000 euros for single payments. If your payment is not denominated in euros, or you want to make a non-euro payment to a recipient outside the SEPA area, read more about cross-border payments.
SEPA instant credit transfers are being gradually adopted across Europe, with banks joining on their own schedules. Some participant banks may initially offer only the reception of SEPA instant credit transfers.
How can I start using SEPA instant credit transfer?
- As an OP customer, you can start using SEPA instant credit transfer without further action. This applies to both sending and receiving payments.
- Normal SEPA credit transfers by corporate customers are forwarded as instant credit transfers via the payment service used: e.g. OP’s online service or OP's mobile apps. SEPA instant credit transfer is also a ‘payment type’ option in the Web Services channel.
- You can use customised interface solutions to automate real-time payment transfer according to your company’s needs. Read more about payment transfer API solutions.
- The service charge for SEPA instant credit transfers is the same as for other transfers with a reference number or message.