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What is the IRIS Online Payments service?

 

IRIS Online Payments service is the new capability for sending same-day remittances in Greece, through the myAlpha Web service.

By selecting Transfers > New Transfer > Within Greece, myAlpha Web subscribers can choose to execute immediately a fund transfer (for an amount up to EUR 12,500) to another bank in Greece, provided that this bank participates in the IRIS Online Payments system.

This option is available between 08:00 and 16:15 on working days. The sender’s Alpha Bank account is debited immediately but the fund transfer message to the recipient bank is sent 15 minutes after the transaction is successfully submitted.  During this time, the sender may cancel the transfer order.  Once this time has elapsed, the transaction cannot be cancelled or reversed.

Alpha Bank is in no way responsible for any problems which may arise as a result of incorrect transaction entries.  The beneficiary's account is credited on the same day by his/her bank. The beneficiary’s notification of the amount credited to his/her account is the responsibility of the beneficiary’s bank and takes place in accordance with its applicable policy and internal procedures.

For immediate execution of fund transfers to other domestic banks, the sender pays an additional charge according to Alpha Bank’s current Price list.

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