Immediate Payment Service

Immediate Payment Service (or IPS) is a way for you to instantly transfer money from one bank account to another. It's like a digital way of giving someone cash, but without having to physically give them the money. With IPS, you can transfer money from your bank account to another person's bank account, and it will arrive almost instantly (usually within seconds). You just need to type in the other person's bank account number into your bank's website or phone app and enter the amount of money you want to transfer - it's just that easy!