Facts and figures

Facts & figures
Currency euro
Launch 2018
Settlement model Real time, central bank money
Scheme SEPA Instant Credit Transfer (SCT Inst)
Opening hours 24/7/365
Transaction limit No upper limit
% of payments processed in TIPS in less than 5 seconds 99%
Price €0.002 per transaction
Regulator European Central Bank

TIPS participants

  • Abanca Corporación Bancaria
  • Banco Bilbao Vizcaya Argentaria
  • Banco de Crédito Social Cooperativo
  • Banco Santander
  • Bank of Latvia
  • Bankia S.A.
  • Bankinter S.A.
  • Berlin Hyp
  • BRED SA
  • CaixaBank
  • Caja Laboral Popular Cooperativa de Crédito
  • Ibercaja Bancos
  • Kutxabank
  • Natixis
  • Raiffeisen International
  • Raiffeisenlandesbank
  • TeamBank
  • Unicredit AG Germany

TIPS reachable parties

Full list of TIPS reachable parties last update: 26 April 2019