Unexpected Turn at Banco Santander and BBVA: No One Expected These Changes

Recently, a significant change occurred in the banking sector that will affect customers of various financial institutions. Banco Santander and BBVA have confirmed news that should not go unnoticed. Immediate transfers will no longer have any additional cost.

This measure, approved by a new European regulation, will bring great benefits to users. But it also introduces some important limits that need to be considered.

Banco Santander and BBVA Speak Out on the Changes

For several weeks, the European regulation governing bank transfers has approved a highly anticipated measure. Immediate transfers will have the same cost as conventional transfers. This news is especially relevant for those who already make regular transfers.

It means that, in most cases, they won't have to pay more to send money quickly and securely. Conventional ones are often free. Although depending on the bank and the type of product contracted, they may have some cost.

With the new regulation, the price of immediate transfers is equalized to that of traditional ones, which represents a great advantage for the customer. Now, those who need to make an urgent transfer can do so without fear of being charged a supplement for the immediacy of the service.

The Limits of Banco Santander and BBVA

The elimination of additional costs is excellent news. It is important to note that each financial institution has its own limitations. Especially regarding the amount of money that can be transferred immediately.

In this regard, Banco Santander, BBVA have confirmed their caps for immediate transfers. It is essential for customers to know these limits to avoid surprises.

In the case of Banco Santander, users will be able to make immediate transfers of up to 15,000 euros per transaction, reports OkDiario. This is a great advantage for those who need to send large sums of money quickly.

However, it is important to remember that this figure could be subject to changes or special conditions. Everything will depend on the type of account or products contracted by the customer.

Meanwhile, BBVA sets a much lower limit for its immediate transfers. In this case, the maximum allowed per transaction is 900 euros, with a daily cap of 5,000 euros. This means that BBVA users can send small amounts of money immediately.

However, if they need to make a larger transfer, they will have to resort to other methods or divide the operation into several transfers.

Benefits of Immediate Transfers

Despite the differences in the limits set by each bank, the introduction of immediate transfers represents a great advance. They allow users to send money instantly. Without waiting for the usual processing time, which can sometimes take up to 24 hours or more.

This is especially useful in emergency situations or when money needs to reach its destination quickly. Additionally, with the elimination of additional costs, customers can enjoy a faster and more accessible service without having to worry about paying extra fees.