A bank offered its customers the option of receiving the money from a wire transfer fifteen days before it was credited. Let’s see in detail how this new and incredible promotion works.
Receive a transfer to your current account before it has actually been received by your bank? Yes, it is possible.
It is in fact an offer promoted by the Bbva Credit Institute. And it seems to work quite simply too. It is the worker who first chooses the amount he would like to be credited in advance. You can opt for a minimum amount of 250 euros up to a sum that can reach 100 percent of your salary. The maximum limit currently set by the bank is 1,500 euros per month.
A convenience that a lot of customers will probably appreciate a lot. In fact, there are many users who often complain about the long credit times when they need to receive a wire transfer.
Wire transfer, how the interbank time for the transfer works
In fact, there was a bureaucratic transfer time called “interbank time”. Its duration it is usually between one and four working days from the moment the transfer is sent. In any case, it should be noted that these times vary according to various factors. The currency in which you operate, the reference credit institution, and much more. The bank transfer still remains the easiest way to send money.
And the new offer of Credito Bbva is needed to eliminate perhaps the only problem that over the years has made it uncomfortable for many customers. However, we will have to wait and understand how this novelty is received by the public. But a positive response is to be expected. the possibility of being able to receive the money from a bank transfer fifteen days before it is actually credited to our account, will appeal to many. Especially a who finds himself paying monthly installments and is often damaged by delays in the salary transfer.
Bank transfer, what are the types you can choose from?
Furthermore, for those who do not know, the transfer can be of two types: immediate or deferred. In general, however, it is almost always postponed by a few days because there are processing times to be respected. For years now, however, banks have given customers a new possibility that of being able to have, naturally paying an additional cost for the service, the amount of a bank transfer within a few hours from when it was sent.
However, this is a procedure that is in any case historical for several reasons. In the first place because this possibility is hardly granted for all credit institutions.
Bank transfer, credit in advance: how the Bbva bank offer works
Now is the time to understand better how the offer promoted by the Bbva credit bank develops. As explained above, this offers its customers an innovative service. In fact, it will be possible to receive the sum of a bank transfer, fifteen days before it is actually credited. It starts from a minimum of 50 euros that the worker can request, up to a sum that can reach 100 percent of his salary.
The maximum monthly limit established by the bank is instead of 1,500 euros.
To access this innovative service, however, there are costs that the user must accept to bear. The price of these commissions is variable, and also depends on the amount of the sum you want to receive in advance. For example, if the request sent is for a sum between 250 and 850 euros, the following costs will be incurred. Or, 25 euro cents from 31 to 30 days, and 0.50 euro cents between 6 and 10 days. Between 11 and 15 days, the cost will be 1 euro instead.
Where to find more information
The consumer can still find more information about these services in a simple way. In fact, just go to the bank’s institutional website. You will easily find a special section, in which Bbva explains the service in detail.
Usually, the bank tends to execute a wire transfer order automatically. Most financial and banking institutions, relies on the requirements of the Sepa, Single Euro Payments Area). As a rule, the money sent is deposited into the beneficiary’s account within a period of one to four business days.
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