Home News Instant bank transfers across Europe – Portugal is late to the party

Instant bank transfers across Europe – Portugal is late to the party

Published on 16/11/2017

From November 21st, it will be possible to carry out a money transfer in 10 seconds. Nine European countries have joined the scheme, but not Portugal which has until November 2018 to join up.

Transferring money almost immediately between European countries will be free, up to a maximum of €15,000, in nine countries – Spain, Germany, Italy, Austria, Estonia, Latvia, the Netherlands, Finland and Lithuania.

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