An instant transfer is a transfer that takes place in a few seconds, unlike a standard transfer that can take up to 3 business days to be received.
And most importantly, this type of transfer works every day, at any time, even on holidays.
For your transfer to be instant, it has to meet two main conditions. It must take place within the SEPA zone (which differs from the Europe zone), and not exceed 15,000 euros.
If you send cash to a supplier on a Saturday, for example, this supplier sees the cash on his account within seconds.
At Qonto, sending and receiving instant transfers is free of charge, up to the number of free transfers included in your plan.