An important novelty in VeloBank. They are the only ones in Poland who have it

New feature called PayGlobal was included in the offer VeloKantor. The bank informs that it makes it available fast foreign transfers and card transfers implemented immediately. Money sent from Poland may reach the recipient in the European Economic Area countries and in Great Britain within a few days. up to a maximum of 30 minutes.

This applies to transactions made in euro. In the case of transfers to the United States, this time is slightly longer, but the funds should be in your account no later than the end of the next business day. This solution is an alternative to the offers of fintech companies that have so far dominated the segment of fast currency transfers. Standard banking procedures usually took several business days.

PayGlobal is a transfer from a stagecoach to a TGV train. This is a response to the needs of customers who are looking for solutions that help save time. From now on, VeloKantor allows you to send money abroad in real time. Fast transfers and card transfers are an ideal solution for those who travel frequently, want to safely and quickly transfer money to their loved ones abroad or settle accounts with a business partner. PayGlobal shortens the time of transferring funds to the recipient in EEA countries that have introduced the EUR or UK currency to a maximum of 30 minutes, while standard transfers take up to several business days.

Using the service requires: having access to VeloKantor and a currency account consistent with the transaction currency. Customers can now order fast transfers to SEPA countries in euro, to the UK in pounds and euro, and to the USA in dollars. The system operates continuously, regardless of the time of day or holidays.

There is also an execution option quick transfer to the card. This requires a debit card issued for the account and an active multi-currency service. The recipient of the transfer must also have a card with an active multi-currency function for the transfer currency. Currently, the service covers defined recipients in SEPA countries in PLN, EUR, GBP and USD.

The implementation of the new functionality was possible thanks to cooperation with external partners. The company is responsible for technological and operational services PlanetPayowned by ITCARD. This entity provides the infrastructure necessary to provide Visa Direct and Mastercard MoneySend services. The latter service is used directly when making quick foreign transfers in the bank’s new offer.