▷ Transferencias via banco de españa

bank transfer via bank of spain

One of the services we use most frequently is the bank transfer. The basic function of the wire transfer, as we all know, is to move money without having to physically transport it.
Bank transfers are money transfers made to the order of a client from his bank account in one entity (payer) to another designated entity (payee). If it is made between accounts of the same bank, it is called a transfer. Here are some key points to help you better understand what they are.

omf openbank transfer

The cost of the immediate transfer depends on the entity with which we operate. Some charge a percentage of the amount with a minimum (always higher than the normal ones); others charge one euro more, and some even offer them for free for customers of certain accounts.
A national transfer must be credited to the IBAN account of destination at the latest by the end of the next working day after the order is given. Please note that there are “cut-off times” after which the order will be considered to have been placed on the next business day. In international transfers, the deadlines are longer and depend on the different countries and entities. Fortunately, their cost is lower. Usually the commission consists of a percentage of the amount we send, with a minimum.

omf ing transfer

This type of urgent transfers can therefore only be made on working days and during office hours: from 8:00 a.m. to 4:00 p.m.. And so, once made, the payment will be credited the same day as long as the order is placed before 4:00 pm. On the other hand, any urgent transfer ordered after that time will be paid at 8:00 p.m. or first thing the next day (8:00 a.m.).
Another negative aspect of this type of transfer is that there is little margin for error and there are few minutes to cancel them. Once the order has been given, unlike the rest of bank transfers, its cancellation is very complicated.

inquiries to the bank of spain

An ordinary transfer is the movement of funds from one account to another electronically without physical movement of the money. These ordinary transfers are generally credited within 24 working hours at the most in the recipient account, if both accounts are in the national territory.
And although it is also possible to resort to this type of transfers for other reasons, it is usual that the entities order this type of transfers to transfer amounts destined to the cancellation or subrogation of loans.
These types of transfers, which are generally made for large fund movements, have higher commissions than ordinary transfers and their amount will depend on each institution and the conditions agreed in the service contracts with their customers.
These MFOs use a payment system owned by the Eurosystem (European Central Bank) called TARGET2. This is the main European platform for processing large-value payments and is used by both central banks and commercial banks to process payments in euros in real time. Thus in OMF transfers the amount of money arrives to the account of the payment service provider of the beneficiary, in this case to the bank account of the seller of the property you want to buy, the same day the transfer is ordered.