SEPA Instant Payments Now Available from 9th October

We are delighted to announce that SEPA Instant Payments will be available to our members from Wednesday, 9th October.

This new service allows you to send and receive euro payments instantly between participating banks and credit unions across the SEPA zone — 24 hours a day, 7 days a week, 365 days a year.

What Does This Mean for You?

• Instant Transfers: Payments will be processed in seconds, even on weekends and public holidays.
• Greater Convenience: No more waiting for standard processing times.
• Secure and Reliable: Fully compliant with SEPA Instant Credit Transfer standards.

We are proud to bring this enhanced payment option to our members, making your banking experience faster and more efficient.

Want to know about Verification of Payee (VOP)?

VOP is a new security step for all SEPA and SEPA Instant payments. To avoid delays on the 365 mobile app and 365 online, your payee names need to be right.

VOP will check if the name of the person or organisation you want to pay is an exact match to the name on their bank account. It does this when you add a new payee, make a payment or set up a new standing order. This simple step helps protect you from sending money to the wrong account. VOP will be available from 5 October 2025.

To help this check go smoothly:

• Use the full name of the person you’re paying (not a nickname).
• If you’re paying a business, enter their full legal or trading name.

The payee names you have already set up might not match. Now is the time to check your payee names.