Instant credit transfer is a type of transfer, which allows you to make or receive a payment within just 10 seconds. The payment is received immediately in the recipient's account and this amount is at the recipient's immediate disposal.
Instant credit transfers can be made within the SEPA area around the clock, seven days a week, up to an amount of EUR 15,000.00.
Instant credit transfer is being introduced at Bank Austria in two steps:
With effect from 16 July 2019: Instant credit transfers can be received from Bank Austria customers. From this date, instant credit transfers can be received on Euro payment accounts at Bank Austria. They are always individually entered in the recipient's account and are immediately visible in the electronic banking transactions list, and will be on your account statement as usual on the next bank working day.
2020: Instant credit transfers can be made by Bank Austria customers. If you wish to carry out instant credit transfers after this date, you only need to sign a contract via TAN the first time you make an instant credit transfer in BusinessNet or 24You.