No. The payment account change is not instantaneous.

Following the request submitted by the bank customer, the destination provider has two business days to request the sending payment service provider to carry out the tasks identified in the customer’s authorisation.

The sending provider has a period of five business days, following the request of the destination provider, to carry out the tasks for which it is responsible.

Finally, the destination provider has another five business days to perform the subsequent tasks related to the change.

Until the account change process is complete, payments can be made through the account of origin (for example, direct debits). The customer must therefore have sufficient funds available in the account of origin for these payments to be made.