SEPA Instant

SEPA Credit Transfer Instant (SCT Inst)

SEPA Instant is a European payment scheme that enables euro credit transfers to settle within seconds. It is also known as the SEPA Credit Transfer Instant (SCT Inst) scheme.

SEPA Instant operates 24/7 and is available across participating SEPA countries. Transfers use IBANs like standard SEPA credit transfers.

Related Terms

SEPA

Single Euro Payments Area

SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...

TIPS

TARGET Instant Payment Settlement

TIPS is the TARGET2 Instant Payment Settlement service that enables instant euro payments across Eur...

IBAN

International Bank Account Number

An IBAN is a standardized international numbering system used to identify bank accounts across natio...

RT1

RT1 is a real-time payments system operated by EBA Clearing in Europe. It provides instant processin...

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