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2h ago

EU Instant Payments Sending Rule Takes Effect, Bringing 10-Second Transfers to Croatia

Transfers must be processed around the clock at no higher cost than standard SEPA payments.

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Overview

  • All SEPA institutions have been required to receive instant transfers since January 9, and from early October 2025 they must also offer sending, which now covers Croatia.
  • Cross-border euro payments to and from Croatia are intended to clear in roughly 10 seconds, available 24/7/365.
  • Banks may not charge more for instant transfers than for conventional SEPA transactions, ending many prior surcharges.
  • Because Croatia uses the euro, German customers avoid currency conversion when sending money for travel or business needs.
  • Availability remains uneven as some cooperative and smaller German banks complete technical rollouts, while direct banks and savings banks report broad support.