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Next year Belgium will have instant bank transfers


In order to speed up the process of making payments by individuals and businesses, Belgian banks will start offering instant money transfers from November next year.

Belgium would follow the lead of Sweden, Denmark, the UK, Poland and Switzerland where instant transfers can already be made 24 hours a day and seven days a week.

Money will be deposited in a recipient’s account within seconds, even if they use a different bank. The service will eventually be extended to international transfers within the Single European Payment Area (Sepa) – but only in euros.

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