Banking

France — Banking: International Transfers

Under the EU's Instant Payments Regulation, every French bank and payment provider must support real-time euro SEPA transfers, available 24/7/365, with funds landing within 10 seconds at no extra charge versus a standard transfer. Providers must also run 'Verification of Payee' (VoP) checks, warning senders if the recipient's name doesn't match the account details, to combat push-payment fraud. The instant-transfer amount cap of €100,000 was removed by the Banque de France on 5 October 2025, though individual banks may still impose their own temporary limits. From November 2026, single-line addresses are prohibited — structured address fields (street, number, postcode) are required. Non-SEPA international transfers remain subject to standard KYC/AML checks reinforced by EU directives like MiCA.

Banque de France / European Central Bank — SEPA Instant Payments Regulation · Last verified 2026-07-20

Key Facts

  • SEPA instant transfers are now mandatory 24/7/365, with funds arriving within 10 seconds at no extra cost.
  • Verification of Payee (VoP) checks: banks must warn senders of name/account mismatches before processing.
  • €100,000 instant-transfer cap removed by Banque de France on 5 October 2025; individual banks may still set their own temporary limits.
  • From November 2026, single-line addresses are banned — structured address fields (street/number/postcode) are required for transfers.

Costs

  • SEPA instant transfer fee: no extra charge vs. standard transfer

Timelines

  • SEPA instant transfer settlement: within 10 seconds, 24/7/365
  • Structured address requirement takes effect: November 2026

Common Mistakes

  • Assuming the old €100,000 instant-transfer cap still applies uniformly — it was removed at the EU/Banque de France level in October 2025, though some banks retain their own limits.
  • Using single-line address formats for transfers after the November 2026 structured-address requirement takes effect.

Related Topics

opening-accountonline-banks
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