From tomorrow, important changes will come into force regarding the instant transfersThat . This change is part of the new European payments regulations, with the aim of simplify access to fast and secure payment methods, both for consumers and businesses.
Banks will be obliged not only to receive instant transfers, but also to offer the service to their customers. Until now, instant transfers had additional costs that made them less attractive compared to other payment solutions.
The commissions, which could also reach up to two or three euroshave often discouraged consumers from using this method, preferring payment methods such as credit cards, debit cards or digital payment applications.
Payments to the Public Administration will also benefit
With the new regulation, the cost of instant bank transfers will be aligned with that of traditional bank transfers, which could encourage their greater diffusion, even in physical stores. Unlike regular wire transfers, which are only processed on weekdays and during business hours, instant wire transfers are available at any time, 24 hours a day, seven days a week, even on holidays and weekends.
This makes them an ideal solution to carry out purchases in real timeand could represent a valid alternative to traditional payment methods such as cards or apps. Furthermore, being immediate, they allow companies to receive the money immediatelyspeeding up cash flow and improving financial management.
One of the potential applications of the instant transfer also concerns payments to Public Administration. If you need to pay taxes, fines or fees, quick transfers will allow you to finalize the payment in a few momentswithout having to wait for the usual processing of ordinary bank transfers.
However, there is no shortage of concerns. The speed of payment could favor scamsas there would not be enough time to verify with certainty that the IBAN corresponds to the intended recipient. Furthermore, while some digital payment tools allow the recovery of funds in the event of an error, for instant transfers the withdrawal of funds requires the consent of the beneficiary.
