In credit transfers domiciled in the same payment service provider (intrabank transfers), the payee’s account must be credited on the same day, with the simultaneous release of funds and allocation of a value date.

In credit transfers between payment accounts domiciled in different payment service providers (interbank transfers), the account of the payee’s payment service provider must be credited by the end of the business day following receipt of the order. The payee’s payment account must be credited by his payment service provider immediately and funds released on that day (with the allocation of a value date of that day). This applies to credit transfers in euro and, unless otherwise agreed, also to transfers denominated in the currencies of non-euro area EU Member States (in any case, the payee’s account must be credited within four business days).

In the case of paper-based transfers, the time limit can be extended by one business day.