Which banks and when will they bring immediate interbank transfers?

We have known for quite some time that immediate payments between banks will be available from 2022. Already in 2019, we informed about this on our website in the article Immediate payments between banks, but we will wait for a while.

So let’s start with what an immediate payment is. Immediate payment is one that is available to the bank’s client 24 hours a day, 7 days a week and 365 days a year. The amount sent is credited to the recipient within a few seconds.

Slovenská sporiteľňa from the first day

Slovak banks are already preparing for it. Slovenská sporiteľňa was the first to inform us through a press release that it will start immediate payments from the first day – 1.2.2022. It currently takes one business day to transfer money to another bank, instant payments will change that, and people will be able to receive money immediately.

Immediate payments will bring benefits not only to people but also to companies. Payment of invoices will be faster and will bring more efficient financial management, as well as streamline e-commerce processes.

mBank will inform in time

We also asked other Slovak banks for comments. MBank was the first to respond. It considers the introduction of euro instant payments to be a natural element in the development of modern payment methods.

“As this solution requires demanding operational and technical preparation and sufficient involvement of banks, we are currently analyzing the introduction of such payments in mBank and will inform them of their implementation on the Slovak market in a timely manner.”

Milada Pivníková, mBank product manager for payment services

Tatra banka will also be among the first

The statement from Tatra banka for the MôjAndroid.sk portal is clear. It will be among the first and plans to launch immediate payments from day one.

Tatra banka was the first bank to accede to the National Plan for the Introduction of Immediate Payments in the Slovak Republic. Our ambition is to bring this innovative method of payment to our clients on the day of launching immediate payments in Slovakia.

365.bank will take into account the demand for immediate payments

The bank has not yet decided. He is currently analyzing the situation and will take into account the demand from clients when making decisions.

“In general, however, we are in favor of any solution that will increase client comfort or user experience.”

The bank does not want to talk about a closer date for the start of immediate payments, clients will be informed in time.

The postal bank did not set a launch date

Poštová banka also expressed interest in immediate payments, but, like most banks, has not yet announced a launch date.

VUB Bank will offer immediate payments right from the start

VUB is also aware of the benefits of immediate payments, and therefore will launch them from the first day after launch.

“As soon as the client sends his funds in this way, they will arrive at the recipient within 10 seconds. This applies not only to Slovakia, but also to 35 other European countries that have joined the provision of SEPA instant payments. At the same time, the maximum amount of one payment is up to 100,000 euros. “

The bank also says that this service is technically demanding and wants to make full use of the remaining year for thorough preparation.

Smart Bank 2020: Vote for the best banking application and win a smartphone worth 1000 euros

Portal MôjAndroid.sk sixth year of the survey Smart Bank 2020 powered by Payout. This is a unique survey in which, in cooperation with readers, we are looking for banks with the best mobile banking and smart functionalities in Slovakia.

“Banks are our key partner. The availability of instant interbank transfers will allow us to provide our clients with faster, easier and more reliable money transfers. Not a day, but a few seconds will be enough to process the payment and thus further streamline our services. ”

Payout, general partner of the Smart Bank 2020 survey

The vote is in progress from 19 January 2021 to 28 February 2021. Based on the votes cast, the best banking applications will be evaluated according to their functions and features that individual banks offer to their clients.