Last Article Update 09.10.2025
Sometimes, you can take it slow. Other times, things can't go fast enough. Instant Payments (SEPA) let you transfer money in seconds within the Single European Payments Area. This includes the EU and European Economic Area (e.g. Liechtenstein, Norway, United Kingdom).
With Instant Payments (SEPA), your money lands in the recipient's account within seconds. You can send as much as you want, any time you want: they are available 24/7. Even better, they are free of charge.
George can only execute Instant Payments (SEPA) in Euro for:
You can use them for scheduled transfers and standing orders too.
The Austrian National Bank has more information on the topic.
1. Create a new transfer (domestic or to a SEPA country)
2. Pick a contact or enter a new recipient.
3. Enter the amount you want to transfer in Euros.
4. On the transfer summary screen, tap "Instant Payment (SEPA)".
5. Choose "Activated" and tap "Done".
6. If you want, choose a specific transfer date.
7. Sign the transfer as usual.
If George cannot send the transfer as an Instant Payment (SEPA), for example if the recipient's bank is not ready, he will make a regular SEPA transfer instead.
1. Create a new transfer (domestic or within the SEPA zone).
2. Fill out the transfer details (e.g. Name, IBAN).
3. Enter the amount you want to send in Euros.
4. Below the transfer date, you will find the item "Execution type". Click the checkbox to activate Instant Payment (SEPA).
5. If you want, choose a specific transfer date.
6. Sign as usual.
If George cannot send the transfer as an Instant Payment (SEPA), for example if the recipient's bank is not ready, he will make a regular SEPA transfer instead.
You can also save this Instant Payment (SEPA) transfer as a template to reuse it at a later time.
As of October 9, 2025, you can also send standing orders as Instant Payments (SEPA).
Author: Charles Wagner