Bank transfers, specifically interbank transfers, will be suspended from April 2 to April 7, 2026. This decision comes as authorities respond to a significant rise in fraudulent activities associated with bank transfers.
During this suspension period, transfers between accounts within the same bank will remain unaffected. Additionally, instant transfers can still be made 24/7, providing some continuity for customers needing to move funds.
The suspension aligns with the European Central Bank’s operational schedule, as payment settlement systems are closed on weekends and certain public holidays. Notably, interbank transfers will also not be processed on May 1 and December 25.
Fraudulent activities have surged, with reports indicating that €245 million was stolen through manipulation fraud in the first half of 2025. This represents a 37% increase in such incidents compared to the previous year.
Alarmingly, 71% of the amounts extorted during psychological attacks were conducted via bank transfers, underscoring the vulnerabilities associated with this payment method. Bank transfers have now become the payment method generating the highest amount of fraud in absolute terms.
Experts note that the rise in manipulation fraud has evolved alongside advancements in technology and mobile banking applications. As these technologies become more prevalent, so too do the tactics employed by fraudsters.
Officials have emphasized that legitimate financial institutions will never request customers to perform a bank transfer over the phone to protect their savings. This statement aims to raise awareness among consumers about potential scams.
As the situation develops, authorities continue to monitor the landscape of banking fraud, seeking to implement measures that enhance security and protect consumers. Details remain unconfirmed regarding any long-term changes to banking practices that may arise from this incident.
In light of these events, customers are advised to remain vigilant and report any suspicious activity related to their bank accounts. The banking sector is under increasing pressure to address these vulnerabilities and restore confidence among consumers.
