If you already live in Portugal, then the banking system and its peculiarities may have surprised you. Having to wait for a long time for the distributor to pay his bills or hurry up before 3 pm to hope that his transfer starts on time, is a common thing in Portugal. But things will change. Indeed, it is now possible to make immediate bank transfers, that is to say in a few seconds. The Bank of Portugal announced on Wednesday 19 September that its payment system already allows immediate transfers, even between different banks. Immediate shipments can be made 24 hours a day, 7 days a week, 365 days a year. Funds are available in ten seconds. The bank supervisor pointed out that adherence to this system is optional on the part of financial institutions. How does this immediate transfer system work? What are the conditions? Bob, the expatriate's assistant in Portugal, tells you everything about immediate transfers.