Transfers from your COMMITLY business account work like at any bank in the SEPA area.
Go to the COMMITLY online banking module and enter IBAN, amount and payment reference to initiate the transfer – it is usually executed within one business day. No fees apply within the SEPA zone.
How can I set up a scheduled transfer?
You can schedule future-dated transfers (i.e. transfers for a future point in time) through your account. Simply enter the date, IBAN and amount, and the system executes the payment automatically on the desired day.
How do I set up standing orders?
You can set up standing orders in your COMMITLY account to automate recurring payments – such as rent or subscriptions. This service is also transparent and free of charge.
How do SEPA instant transfers work?
SEPA instant transfers let you receive and send money almost immediately – regardless of business hours or bank opening hours.
Why hasn't my transfer arrived yet?
If your transfer shows the status "Pending", this is often due to holidays in the SEPA system (e.g. weekends or TARGET holidays). Sometimes an additional manual review also takes place, which can delay processing.