When the credit transfer is entered, BILnet detects whether it is eligible for instant processing. If so, it will automatically be executed instantly.

In other words, the beneficiary can use the money immediately, provided that their bank also offers the instant credit transfer option.

If your credit transfer is not eligible for instant execution:

If no specific execution date has been entered, it will be executed the same day, if that day is a bank business day, or the next bank business day if your credit transfer is made at the weekend, on a day that is not a bank business day or on a public holiday. Execution does not mean that the beneficiary has actually received the funds: it can take from 1 to 3 days for SEPA transfers.

All instant payments are free for retail clients who subscripted to a BIL package for Individuals.

Please refer to the tariff overview to find out the charges for instant payments for corporate clients.