PKO introduces instant bank transfers

Poland’s biggest lender PKO BP has introduced instant bank transfers Express Elixir to its clients. “The service allows for instantaneous transfers between banks, which means that funds appear in the recipient’s account within seconds. Over nine million clients can make instant transfers online and at the bank’s cash desks,” the lender stated. “Real time transfers are becoming a standard feature in banks’ offers in Poland,” said Piotr Alicki, head of the National Clearing House. The limit for an individual instant transfer is set at PLN 3,000 and at PLN 6,000 on a given day. For bank transfers to the Tax Office, the limits are PLN 50,000 and PLN 250,000 respectively.