According to Aktualne.cz, more than half of the banks on the Czech market have already sped up payments placed via Internet banking or at a branch, completing transfers on the same day.
Conditions do apply: the transaction must take place by a certain time, typically in the morning or by early afternoon at the latest, depending on the bank; weekend transfers between banks are still not possible.
The publication has prepared an overview of how specific banks are progressing, including fees and weekend transfer availability.
In 2018, a revolution in bank-payments processing speed is expected; a spokesman for Komerční banka confirmed that banks are preparing a new system of so-called instant payments that would allow transfers to be processed in real time, 24 hours a day, 7 days a week, 365 days a year, at a speed of up to 20 seconds.
“With regard to the launch date of immediate payments, the assumption is the second half of 2018,” said Denisa Všetíčková from the CNB Communications Department.