SEPA Instant Transfers

SEPA Instant Transfers

Fast. Easy. Anytime. Starting 1st September 2025, your Progressive Credit Union account will support SEPA Instant Transfers, making it quicker and easier than ever to send and receive money.

What is SEPA Instant?

How It Works

SEPA Instant allows you to transfer money in seconds to other accounts within the Single Euro Payments Area (SEPA). Your payment goes through almost immediately, 24 hours a day, 7 days a week, including weekends and holidays.

With SEPA Instant, you’ll know right away if your payment was successful.

  • Instant Transfers – Money reaches the recipient within seconds.

  • Notifications – You’ll get an instant confirmation if the transfer is successful.

  • Transfer Limits – You can set limits for each transfer, within the overall limits of your account.

Framework Contract Changes

Important Information

To support SEPA Instant, we’ve updated the Regulation 76 Framework Contract, which outlines how your payment services work with us.

  • You can view the updated Framework Contract here or request a copy in any of our branches.

  • These changes form part of your account’s terms and conditions.

  • If you do not agree with the changes, please let us know in writing before 1st September 2025.

  • If we do not hear from you, we will assume you consent to these updates.

If your child is under 16, or you help manage their account, please review these changes together. The full details are available:

If you have questions, our team is always happy to help.

Frequently Asked Questions (FAQs)

Can I use SEPA Instant for any payment?

You can send SEPA Instant payments to any account that supports SEPA Instant within the EU.

Are there limits on how much I can send?

Yes. You can set a limit per transfer, but it must remain within the overall Credit Union limits. To view these limits view the bottom of the following page - https://progressivecu.ie/services/current-accounts

How fast is a SEPA Instant transfer?

Payments are processed within seconds, 24/7, including weekends and public holidays.

What happens if a payment fails?

You’ll receive an instant notification if your payment is unsuccessful. You can then check your account and try again or contact our team for support.

Where can I find the full Framework Contract?

The updated Regulation 76 Framework Contract is available online at www.progressivecu.ie or in any branch.

Is there additional cost for SEPA Instant

There is no additional cost for SEPA Instant

Can a minor use SEPA Instant payments?

Yes, minors can make instant payments, but a parent or guardian must be present when the transfer is being made and should review the details before it is confirmed.