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iFAST Global Bank enables businesses to send euro transfers instantly
The bank says the feature gives SMEs and international businesses instant euro transfers and supports nine currencies in one account.
- IFAST Global Bank added Single Euro Payments Area capabilities to its multi-currency business accounts, strengthening cross-border payment infrastructure for SMEs and international businesses operating across Europe.
- "This launch is a direct response to the needs of our UK-based and international business clients," said Steve Chu, commercial banking manager at iFAST Global Bank, citing increasing demand for seamless euro payments.
- Instant, secure SEPA transfers now cost £0.20 per outbound transaction, while international outbound payments remain free for amounts from £2,500 or equivalent.
- Beyond SEPA, the account supports nine currencies, allowing businesses to earn 2.65% AER interest on GBP everyday balances without locking funds into separate products.
- Regulated by the Prudential Regulation Authority and the Financial Conduct Authority , iFAST Global Bank provides deposits protected up to £120,000 under the Financial Services Compensation Scheme .
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The Manila TimesReposted by 
GlobalFinTechSeries
GlobalFinTechSeriesiFAST Global Bank Launches SEPA Payments Enabling Businesses to Send Euro Transfers Instantly
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·Manila, Philippines (the)
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