Countdown to SEPA instant payments

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SEPA instant payments (SCT inst) is the first instant payment scheme to be inter-operable in a region as large as SEPA and is a response to European customer needs for faster payments.

From November 2017, customers of participating banks will be able to send money to accounts in 10 seconds regardless of the SEPA countries involved in the transaction, and can do this 24/7/365.