Holvi now offers SEPA Instant Payments, allowing you to send and receive money in real-time, 24/7, without any additional cost. Here’s everything you need to know about using this service.
Key features of SEPA Instant Payments at Holvi
- Real-time payments: Send and receive money instantly in under 10 seconds, 24/7, even on weekends and holidays.
- No setup required: If both the sender’s and receiver’s banks support SEPA Instant, it works automatically.
- High transfer limits: You can send and receive up to €100,000 per transaction.
- No extra fees: Instant payments cost the same as regular SEPA transfers.
- Works across Europe: Available in 36 SEPA countries with participating banks.
Sending SEPA Instant Payments
1. How fast are SEPA Instant Payments?
SEPA Instant Payments are processed in under 10 seconds, 24/7, making them faster than traditional SEPA transfers.
2. What do I need to do to send a SEPA Instant Payment?
Nothing extra! The option to send an instant payment will automatically appear when you initiate the payment through the Holvi web or mobile app. Just ensure the receiving bank supports SEPA Instant and that the amount is below €100,000.
3. Are there any limits for sending payments?
Yes, you can send up to €100,000 per transaction.
4. Will there be any additional charges for sending instant payments?
No, SEPA Instant Payments are priced the same as standard SEPA transfers—there are no extra fees.
5. Where can I send SEPA Instant Payments?
You can send SEPA Instant Payments across the SEPA zone to any participating bank, in 36 European countries.
Receiving SEPA Instant Payments
1. When will I receive my payment?
You will receive your payment instantly, in under 10 seconds, 24/7, including weekends and holidays.
2. What do I need to do to receive these payments?
Nothing! SEPA Instant Payments are automatically available as long as both the sender and the receiver’s banks support SEPA Instant.
3. Is there a maximum payment limit?
Yes, you can receive up to €100,000 per transaction.
4. Is there an additional fee?
No, receiving SEPA Instant Payments is free. They are priced the same as standard SEPA transfers.
5. Where do SEPA Instant Payments work?
SEPA Instant Payments are available across the SEPA zone in participating EU countries.