Instant Bank Transfers Start On 2 March In Hungary

  • 13 Feb 2020 9:00 AM
  • Hungary Around the Clock
Instant Bank Transfers Start On 2 March In Hungary
Instant bank transfers will go into effect on March 2, MNB director Lajos Bartha announced on Wednesday.

Transfer time on bank transfers will be cut to a maximum of five seconds while actual tests have shown that most transactions are completed in 2-3 seconds, Bartha added.

The present system provides same day transfers if they are launched on working days between 7 a.m. and 5 p.m. Instant bank transfers will work around the clock, on weekends and on holidays.

Related links

Hungarian Banks To Introduce Instant Payment By March

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