Does bunq support instant payments?

bunq

Hey bunqers 🌈

We love helping you save time and manage your money without any hassle ✨ That’s why we’ve made Instant Payments even better for you!

Send money in real time

As of today, we’ve made major improvements to our coverage for real-time payments. Thanks to our extended coverage, it’s even easier to freely send and receive money from any participating Dutch or European bank! All banks fully connected to either RT1 or TIPS are supported.

You can check your daily limits regarding Instant Payments here ✅

Which banks can I make instant payments to and from?

bunq is part of 2 pan-European instant payments systems: TIPS and RT1. To see if your bank is part of them too, check out the lists of participating banks:

TIPS (Important - Knab is part of TIPS, however, currently they have only enabled the receiving of instant payments)
RT1

We’re proud to be the first challenger bank that enables instant payments across Europe 🌈 Simply experience this amazing time saver with your next payment!

Why is this payment not sent as Instant Payment?

There can be a multitude of causes:

The 2 banks are on 2 different systems;
One of the banks blocks instant payments from or to another for fraud reasons;
The receiving bank has specific compliance requirements in place, requiring us to transfer a payment as a regular SEPA Credit Transfer (SCT), which takes more time. This is the case for Boursorama Bank [BIC: BOUSFRPPXXX] and Openbank [BIC: OPENESMMXXX].

Are Instant Payments still possible during the weekend?

Have to make a quick payment over the weekend? Not a problem because Instant Payments are possible between supporting banks, 365 days a year 🙌

Are there any fees included?

Instant Transfers are included with all our Personal plans at no additional costs. However, Business accounts are charged after exceeding a certain number of free transactions, which depends on your Business account plan:

bunq Core - 100 transactions per year for free
bunq Pro - 250 transactions per year for free
bunq Elite - 500 transactions per year for free

After you use the number of free transactions you have, you should pay a fee of €0.13 per transaction.

Good to know

Instant Transfers are Instant (max. 10 seconds), more info on that can be found here
Instant Transfers are processed 24/7 and 365 days of the year.