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Wholesale Banking

The value limit of instant payment orders increases to 20 million forints

We kindly inform our customers that, according to the amendment of point b) of paragraph (1) of Section 35 of the Decree 35/2017. (XII. 14.) of the Governor of the Magyar Nemzeti Bank, the value limit of instant payment orders will increase from 10 million forints to 20 million forints from September 1, 2023.

The other conditions of instant payments remain unchanged, namely:

• Only orders initiated through electronic banking channels are instant payments,

• these orders are fulfilled with the same value date as the submission date (same day),

• they are settled within a few seconds (maximum 5 seconds),

• and the service is available 365 days a year.