The most common transaction in B2B, the transfer allows an agent to be transferred directly from one account to another. The customer gives the order to his bank to transfer the sum thanks to the bank identification statement (RIB) provided by the beneficiary. It is a fairly flexible payment method since the order can be made at any time (before or after the order) and on a recurring basis.
It is secure and free of charge for both parties in most cases, whether it is a one-off or a permanent transfer, between the same institutions or not. A SEPA transfer, i.e. a transfer between two institutions in the European Economic Area, is free of charge when initiated by the customer on the Internet. On the other hand, if it is requested at a counter or by telephone, it is regularly subject to charges of up to €5. As for international transfers, the fees vary and depend on the bank.
However, the speed of the transfer is usually between 2 and 3 days, unless you choose an instant transfer, but this will be subject to charges. There is an alternative to this which is the immediate transfer, which is much cheaper, just as fast and easy to use, but we will come back to this later.