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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