Starting from October 2024, First Bank introduces instant payments in lei to its portfolio of payment services!
What are instant payments?
- There are interbank transfers in lei made on the territory of Romania, from the paying account to the beneficiary account, located at another bank or vice versa, in a maximum of 10 seconds, 24/7;
- They are available for private individuals and legal entities clients;
- They are available for transfers between clients of banks that have joined the Instant Payments system, found in the list available here
- Transfers can be initiated from Internet & Mobile Banking;
- Maximum value: 49,999.99 lei/Instant Payment. The effective limit for instant transfers can be changed by the bank and it will be communicated in the Internet & Mobile Banking applications;
Benefits:
Your payments are made instantly, saving you time;
Money management becomes simpler and more convenient.
Useful information:
The introduction of the new instant payment service brings changes in the following documents:
- Fees and Commissions for Private Individuals valid from October 2024 ;
- Added information about the Transfond commission, the provider of the technical solution that makes instant payments possible, the commission for this type of payment, owed by the client, remains unchanged;
- Fees and Commissions for Legal Entities valid from October 2024;
- the term Transfond instant payment commission was introduced and its value of 0.45 lei, compared to the SENT commission in the amount of 0.51 lei.
Fees and Commissions for Private Individuals and Legal Entities are available on our website firstbank.ro in the section dedicated to Useful Documents.