Information on instant payment

• Which banks will be affected by the introduction of the instant payment system?The instant payment system is being introduced pursuant to the applicable decree of the National Bank of Hungary, so the change will affect not only K&H but all financial institutions involved in domestic payments.

• What will be the benefits of introducing the instant payment system?
  • continuous operation 24 hours a day, every day of the year
  • forint transfers below the HUF 20 million limit that meet certain conditions will be executed in seconds
  • transfers can also be initiated to mobile phone numbers, e-mail addresses or tax numbers / taxpayer identification numbers
   
• What does continuous (24/7/365) operation mean?
  We must provide access to the instant payment system for our clients – that is, allow them to initiate and receive transfers – 24 hours a day, every day of the year.

Additional information on instant payment:

• information on instant payment