SEPA Inst
FPSSEPA Instant Credit Transfer (SCT Inst) - 24/7/365 euro instant payments. Max theoretical amount €999,999,999.99 per transaction (raised from €100K in Oct 2025; PSPs may set lower limits). Settled in central bank money via TIPS. Cleared through RT1 (EBA Clearing) and/or TIPS (ECB). Mandatory for euro area PSPs: receive from 9 January 2025, send from 9 October 2025 (Instant Payments Regulation). Verification of Payee mandatory for euro area PSPs from 9 October 2025, the same date as the sending mandate. PSPs in non-euro area Member States must receive from 9 January 2027 and send from 9 July 2027.
ClearingPost does not assess whether SEPA Inst is running normally.
Next
All 1 upcoming →Dated items ClearingPost holds, each with its source and whether the date is confirmed
- europarl.europa.eusource ↗
Changed
All recorded changes →Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such
- Data updateSEPA Inst average daily transactions increased to ~13.2M instant credit transfers/day (September 2026) · SEPA Inst average daily value increased to ~€17.0B/day (September 2026)recorded 6 Nov 2026 · Traffic settled in the TARGET Services – 2026
EPC004-16, 2025 Version 1.2, date issued 30 September 2026, date effective 30 September 2026 at 03:30:00.000 CET. The change history states that throughout the rulebook the determined date of 15 November 2026 as of which the unstructured address format is no longer permitted has been taken out, without a new end date yet set, reflecting the decision taken at the September 2026 PSMB meeting. The EPC will maintain support for unstructured addresses beyond the previously announced 15 November 2026 deadline and will determine a new end date in due course based on market and payment industry developments. The change is limited to the address message element; no other changes were made to this rulebook version.
took effect 30 Sep 2026 · European Payments Councilsource ↗Version 1.1 (EPC218-23), issued on 16 March 2026 and effective from 20 September 2026. It contains urgent changes and clarifications that the VOP Working Group identified after the scheme's launch, to solve issues arising from the deployment of the VOP service or to clarify parts of the rulebook, the API specifications and the API Security Framework.
took effect 20 Sep 2026 · European Payments Councilsource ↗- ~€7B est. (derived: 7% of retail CT value, H1 2025, ECB) changed to ~€16.1B/day (TIPS EUR Jul 2026 €6.8B + RT1 Jul 2026 €9.3B; STEP2-T instant excluded)recorded 15 Sep 2026 · TARGET payments: value (Table 2)source ↗
- Data updateSEPA Inst average daily transactions updated~12.1M instant credit transfers/day via TIPS + RT1 (mid-2026) changed to ~12.7M instant credit transfers/day (TIPS EUR Jul 2026 4,993,929 + RT1 Jun 2026 7,709,005; STEP2-T instant excluded)recorded 8 Sep 2026 · ECB - Traffic settled in the TARGET Services 2026 - Table 1 (with EBA Clearing RT1 statistics)source ↗
Rules & documents
The rulebooks, operating rules and standards documents ClearingPost holds for SEPA Inst, each with its current version, or the latest published one when none is in force yet
- SEPA Instant Credit Transfer Scheme RulebookEuropean Payments Council · 2025 v1.2 · Effective Sep 30, 2026 · Authoritative (T1)
- Verification Of Payee (VOP) Scheme RulebookEuropean Payments Council · 1.1 · Effective Sep 20, 2026 · Authoritative (T1)
Sources ClearingPost reads ECB · Authoritative (T1) · 15 of 18 fields carry a source and a recorded date · latest sourced entry recorded 12 Nov 2026 · evidence details ↓
Record · SEPA Inst
The EPC website returned HTTP 403 to desk retrieval again on 11 November 2026, so EPC scheme timing is corroborated from Eurosystem documents. Unstructured postal addresses remain permitted in SCT Inst messages: the Payment Scheme Management Board dropped the 15 November 2026 sunset and has not yet set a replacement end date, with that decision due by February 2027. The ECB TIPS-CG scope document of 20 October 2026 records the scheme owners' decision to combine the 2026 business changes, PSR and PSD3 regulatory updates and FRIDA requirements into a single EPC rulebook update release in September 2028 at the earliest, replacing the earlier November 2027 timing, with the 2028 rulebook version aimed for publication in the second quarter of 2027.
EPC004-16, 2025 Version 1.2, date issued 30 September 2026, date effective 30 September 2026 at 03:30:00.000 CET. The change history states that throughout the rulebook the determined date of 15 November 2026 as of which the unstructured address format is no longer permitted has been taken out, without a new end date yet set, reflecting the decision taken at the September 2026 PSMB meeting. The EPC will maintain support for unstructured addresses beyond the previously announced 15 November 2026 deadline and will determine a new end date in due course based on market and payment industry developments. The change is limited to the address message element; no other changes were made to this rulebook version.
Version 1.1 (EPC218-23), issued on 16 March 2026 and effective from 20 September 2026. It contains urgent changes and clarifications that the VOP Working Group identified after the scheme's launch, to solve issues arising from the deployment of the VOP service or to clarify parts of the rulebook, the API specifications and the API Security Framework.
Operations · SEPA Inst
Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.
Operations lists the systems ClearingPost monitors and the operational events it has recorded.
Intelligence for SEPA Inst (19)
Coverage whose headline or summary names SEPA Inst, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the SEPA Inst operator or external.
Wider coverage that mentions SEPA Inst (21)
These articles mention SEPA Inst in their text but not in their headline or summary, so they are listed as context rather than as SEPA Inst intelligence.