FAQ

How long does a transfer via Instant payments take?

Less than 10 seconds and the money can be withdrawn by the beneficiary from his/her account (or used online).

When is the Instant payments service available?

TRANSFOND’s Instant payments service is available non-stop – 24/7/365. Please refer to your bank for more details.

How much does an instant payment cost?

TRANSFOND does not directly charge the end consumer. Any processing fees are set by your bank and listed in its fees table.

Which is the maximum amount I can transfer using Instant payments?

The maximum amount you can transfer using Instant Payments is 49,999 RON.

Can I use Instant payments for Euro and cross-border payments?

Currently, TRANSFOND’s Instant payments service only processes domestic payment in Lei.

How safe is Instant Payments?

Instant Payments is integrated with your bank and benefits from the same security standards guaranteed by banks for all the payment solutions and applications provided. More importantly, Instant payments is provided by TRANSFOND, the institution responsible with conducting inter-banking electronic clearing and settlement in Romania since 2005, with an availibility level of over 99%.