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TIPS facts and figures

Currencies

Euro, Swedish krona, Danish krone

Launch

2018

Settlement model

Real time, central bank money

Scheme

SEPA Instant Credit Transfer (SCT Inst)

Opening hours

24/7/365

Transaction limit

No upper limit

% of payments processed in TIPS in less than five seconds

99.99%

Price*

€0.002 per transaction (fee is shared equally between the sending participant and the receiving participant in TIPS)

Regulator

European Central Bank

*The pricing structure for the TARGET Instant Payment Settlement (TIPS) platform is applicable as of 1 January 2024.

TIPS reachable parties

List of TIPS direct participants and reachable parties (Last update: 1 July 2025)

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