STEP2 Credit Transfer Volumes Fall 5.5 Percent in April as Instant Migration Accelerates

EBA Clearing's STEP2 platform processed a daily average of 26.8 million SEPA Credit Transfers in April 2026. The figure represents a 5.5% decline from the 28.4 million averaged in April 2025.

Average daily SCT value held at EUR 94 billion, marginally above EUR 93 billion a year earlier. STEP2 SDD Core averaged 47.3 million daily transactions, up 2.6% from 46.1 million in April 2025.

The batch credit transfer decline coincides with sustained growth on instant rails. EBA Clearing's RT1 service averaged 6.7 million daily transactions in March 2026, compared with 3.7 million in January 2025.