[mopsi]

This is not true at all.

SEPA payments are cleared five times a day on every business day. Payment Services Directive establishes that money must be credited to a recipient's account at the latest by the end of the next business day.

On top of that, about a quarter of all banks already support Instant SEPA, which clears immediately 24/7/365.

[vmception]

I’ve had and others have had a different experience. The user experience with many banks doesn’t match the technology or regulations.