There are fixed fees for TIPS DCAs (800 EUR per month) and for each BIC that is authorised to settle instant payments on a DCA (20 EUR per month, applied for up to 50 BICs). Different fixed fees apply for the ancillary systems, see “TARGET Services Pricing Guide” further below.  A transaction fee of 0.2 euro cent per transaction is charged for the settlement of instant credit transfers. The transaction fee is equally shared between the originator bank and the beneficiary bank (0.1 euro cent per transaction).

The fees for a TIPS account are collected on a monthly basis from the account holder’s MCA. Liquidity transfers between TIPS ancillary system technical accounts (ASTAs) and TIPS DCAs are free of charge.

More information can be found in the “TARGET Services Pricing Guide”.