SEPA Instant Payments Launch: Faster, Safer Transfers Are Here 

Today marks a big milestone in how we move money. The SEPA Instant Payments launch has arrived, and with it, the rollout of Verification of Payee (VoP). Together, these services make euro transfers across the SEPA Zone faster, safer, and easier than ever.

What SEPA Instant Payments means for you?

From now on, you can send money in euro from one account to another in less than 10 seconds. These 24/7 instant payments work day and night, even on weekends and bank holidays with a few exceptions like maintainace at the bank or credit union. No more waiting for business hours or worrying about delays. 

Alongside the speed, VoP is now live. This service checks the name you enter against the IBAN before you confirm a transfer. If something doesn’t look right, you’ll see a warning. It’s an extra layer of protection against fraud and misdirected payments. 

Why the SEPA and VoP launch matters?

The launch of SEPA Instant Payments and VoP is more than just a technical upgrade. It’s about giving you: 

• Faster transfers when time matters most 

• Real-time confirmation that your money has arrived 

• Greater security through name and IBAN checks 

• Peace of mind backed by the new Instant Payments Regulation across the EU 

This is progress designed with you in mind: convenient, secure, and reliable. 

When will you use SEPA Instant Payments? 

• You need to send rent money on a Friday evening. It arrives instantly. 

• You’re paying a bill on a bank holiday. It clears in seconds. 

• You’re transferring funds to family abroad in the eurozone. They get it right away. 

With SEPA Instant Payments, those situations are no longer stressful. With VoP, they’re safer too. 

Learn more and explore further 

We have created a dedicated page explaining how SEPA Instant Payments and Verification of Payee (VoP) work in detail and what you can expect as a member. 

You can also visit Pay Right Now for independent information on the launch. The site highlights the immediacy of instant payments and how VoP helps ensure money always reaches the right account. 

Final word from us 

The SEPA Instant Payments launch is an exciting step forward and it will change the way we pay for good. Together with Verification of Payee, it means you can send money quickly, securely, and with confidence. At Member First Credit Union, we’re proud to bring these changes to our members, always keeping your needs at the heart of what we do.

You can start using the SEPA Instant Payment within our app directly without any registration but in case you need any further assistance, we are just one call away and you can always visit our branches.