Instant Payments - Transfer money between banks within 10 seconds!
I remember times where, if someone paid me on a Friday, it could take until Monday for the money to come in. This led to… less than ideal situations (like eating instant noodles for breakfast, lunch and dinner two days in a row). With the new Instant Payments, this is a thing of the past.
Yes, you read that right! 😄 Instant Payments are here and bunq is among the first European banks to offer these revolutionary money transfers. 💸 No longer will you have to wait days (and even weekends) for your money to arrive. With Instant Payments you can transfer money in seconds.
"But," I hear you ask, "hasn't bunq been offering instant payments since 2015?" Why yes, we certainly have. 😎 This has been so for bunq-to-bunq payments and top ups. Other banks weren't ready at that time, but we're glad to see them join us in the future.
Indeed the tides are turning rapidly in favour of users everywhere. 🎉 The European Payment Council (EPC) announced that 600 banks across Europe will offer Instant Payment support, but only bunq
and 20 other banks
(including ABN AMRO) have already gone live.
We are proud and happy to see an industry such as our own embrace and strive for user-oriented innovation. Instant Payments will be available 24 hours per day and 365 days per year. 🗓 That means you can make payments whenever you want, including holidays and weekends.
Keen to give Instant Payments a try? I totally get it, I do too. So, here's the deal: find yourself a friend, family member or partner with ABN AMRO and have them send you a payment. Simple, right?
If you want to read more about Instant Payments, please have a look at the EPC website
and find an updated list of participating banks here
What do you think the next big innovation will be? Let us know in the comments!