Starting from October 1st 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, by selecting the Instant Payments option;
- Maximum value: 20.000 lei/Instant Payment. The effective limit for instant transfers can be changed by the bank;
Benefits:
Your payments are made instantly, saving you time;
Money management becomes simpler and more convenient.
Useful information:
- Once the transfer is initiated through the Instant Payments Service, it cannot be revoked;
- In the event that the Instant Payments Service is unavailable or the transfer cannot be executed instantly, the transaction will be settled within a longer time frame, as available, or, if applicable, the Bank will reverse the transaction.
The introduction of the new instant payment service brings changes in the following documents:
- Fees and Commissions for Private Individuals valid from October 1st 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 1st 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.