The European Parliament has decided that real-time transfers in euros will be mandatory throughout the European Economic Area (EEA). Here are the details. We’ve all been there: waiting for a transfer to finally arrive in the recipient’s account – often it takes a banking day or even longer. That will soon be a thing of the past. The latest edition of “Let’s talk about money,” the Financial Market Authority’s (FMA) consumer information series, is dedicated to the topic of real-time transfers, also known as instant payments. Real-time transfers enable money…
Read MoreNew rules for bank transfers – what’s changing
