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The amount charged by banks and other payment providers for immediate transfers must, from this Thursday, be the same as that charged for normal transfers, said the Bank of Portugal (BdP) in a statement.
This value limitation arises from the entry into force of the European regulation and had already been announced by the Bank of Portugal in the middle of last year.
With this change of an immediate transfer having the same charges as a traditional transfer (technically called a credit transfer), as long as it is made under the same conditions, it is expected that customers will gradually prefer immediate transfers due to the convenience of having the resources available at the moment.
According to, in 2024, immediate transfers represented less than 7% of the total number of transfers carried out in Portugal (immediate and traditional), but he says he hopes that, from today onwards, the speed and lower cost “will enable the long-awaited boost in [sua] use”.
Immediate transfers guarantee that the transferred money becomes available, within a few seconds, in the account of the person or entity to whom the transfer order was given, whether that account is domiciled in Portugal or in another European Union country.
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