What are the main differences between an instant payment and a traditional SEPA transfer?

Transfers executed 24/7.

Transfers executed only on business days.

The beneficiary’s account is credited in less than 10 seconds on the same day, even at night, on weekends and on public holidays. The debit/credit value date is the calendar day, so this can also be a weekend or public holiday.

The recipient’s account is generally credited within 1-2 business days. The debit value date is the business day on which the payment is executed.