- Instant Availability: Incoming euro funds to Ebury collection accounts are settled within 10 seconds - operating 24/7/365- replacing traditional batch processing delays.
- Now live for Italian, German, Portuguese, Irish, and Luxembourg IBANs, with a rolling release planned across France, Spain, the Netherlands, and Belgium.
Ebury, the global financial technology firm specializing in cross-border payments, FX risk management, and trade finance, has officially expanded its SEPA Instant (SCT Inst) Inbound capability across its Italian, German, Portuguese, Irish, and Luxembourg Bank Identifier Codes (BICs).
This milestone places Ebury firmly on the instant payments landscape. Clients with Italian (IT), German (DE), Portuguese (PT), Irish (IE), and Luxembourg (LU) IBANs can now receive euro payments from any European IBAN in under 10 seconds, 24 hours a day, 365 days a year.
Key client & business benefits
- Faster Time to Balance & Immediate Trading: Unlike standard SEPA Credit Transfers (SCT), which execute in batch cycles up to six times daily (often resulting in multi-hour or overnight delays), SEPA Instant operates continuously. Funds are credited and available in the client’s balance in under 10 seconds—allowing businesses to make instant trading and treasury decisions.
- Full Fund Retention (No Intermediary Fees): Because SEPA Instant functions as a direct domestic payment rail, funds reach Ebury accounts without passing through correspondent banking networks, ensuring zero deductions or intermediary fees.
- Seamless Account Integration: Clients benefit automatically through their existing Ebury Collection Accounts without needing to change IBANs or open new accounts.
- 24/7/365 Availability Without Cut-Off Times: The scheme operates around the clock, removing traditional banking cut-off times and weekend settlement delays.
Technical build & european rollout schedule
Following the initial release on Italian, and German, Portuguese, Irish and Luxemburgues IBANs, Ebury will expand the capability across additional European branches, including France, Spain, the Netherlands, and Belgium.
Enrique Colin, CPTO at Ebury, commented:
"The launch of SEPA Instant Inbound marks a major milestone in our mission to provide businesses with real-time liquidity and frictionless cross-border finance," said Enrique Colin, CPTO at Ebury. "By reducing settlement times from hours to seconds, we are giving our clients immediate control over their cash flow, while setting the stage for full compliance with upcoming EU instant payment regulations."
