How long does a bank transfer take
TL;DR
| Type | Typical timing |
|---|---|
| SCT Inst | Seconds, 24/7 |
| Standard SCT (same bank) | Immediate |
| Standard SCT (different bank) | Same business day if before cut-off; D+1 otherwise |
| International SWIFT | 1-3 business days |
| International with FX | Up to 5 business days |
Why the differences?
- SCT Inst: runs through instant clearing systems (ECB’s TIPS, EBA Clearing’s RT1).
- Standard SCT: uses STEP2 with daytime cycles (3 cycles a day).
- International SWIFT: involves correspondent banks and FX.
Conclusion
If timing matters more than cost, SCT Inst. If the destination is not SEPA, prepare for several days.
