The ECB Governing Council approved a revised T2 RTGS pricing policy on April 28, 2026. The primary driver is the Eurosystem's cost of capital, which rose from 0.05% under 2020 assumptions to 1.7755% at current rates.
Under the updated schedule, the flat-fee option carries a monthly dedicated cash account fee of €150 plus €0.80 per payment order. The volume-based alternative sets the monthly DCA fee at €1,875 with degressive per-transaction charges based on volume bands.
The ECB targets full cost recovery for the T2 RTGS service by 2038. The Market Infrastructure Board will conduct a comprehensive pricing review in 2028 to assess progress toward that target.