To settle instant payments in TIPS, there is a flat transaction fee of 0.2 cents for each transaction submitted.  There are no fixed fees or delivery-side fees.

The transaction fees incurred for a TIPS account are integrated into the monthly invoice for the PM account linked via LM link and are collected together with the TARGET2 fees.

The Governing Council of the ECB has decided that, during the implementation of TIPS, the first 10 million payments per TIPS account holder that are submitted before the end of 2019 will be free of charge.

More information can be found in the “TARGET2 Pricing Guide”.