New SEPA regulation: core parts effective from 09.01.2025

New SEPA regulation: core parts effective from 09.01.2025

As many of the readers of this news use SEPA credit transfers and SEPA instant transfers, this directly binding regulation could be relevant.

this directly binding regulation could be relevant

. Here, for example, Article 5b Charges for credit transfers and verification of the payee, 1. any charges levied by a payment service provider on payers and payees for sending and receiving instant credit transfers shall not be higher than the charges levied by that payment service provider for sending and receiving other similar credit transfers. 2. the services referred to in Article 5c shall be made available to all PSUs free of charge. 3. payment service providers based in a Member State whose currency is the euro must comply with this Article by January 9, 2025. Further information on request.