Your quick checklist for IPR
Instant speed: Payments within the SEPA area will reach the recipient's account in seconds, not days, if you select instant.
Notable availability: You can send and receive instant payments around the clock, every day of the year.
Seamless transactions: The current EUR 100,000 cap on cross-border instant euro payments will be removed.
Thorough verification: The recipient's name and IBAN will be checked before single payment to reduce fraud and errors for online payments.
Alternative for corporates: If you send payments in bulk, you can choose to opt out of VoP.
Non-reversible transfers: Once sent, instant payments are final. If you need to reverse a payment, you must request a refund from the recipient.
Timely preparation: Check your billing details and plan your treasury processes to adapt to the new system.
