Januar supports SEPA Instant payments via ECB's TIPS (not EBA RT1) on all IBANS issued by Januar.
PayINs
Instant EUR Payins are typically processed within 2 minutes.
PayOUTs
Instant EUR Payouts are typically processed within 5-10 minutes.
Instant payin and payout processing can take longer for both technical and compliance-AML reasons, where some instant payments may be delayed for a business day or longer, depending on the complexity of the specific payment.
There is a technical delay due to daily batch processing at our banking partner causing all instant payment processing to be put on hold every business day at 7PM for 1-2 hours until this process is complete. All queued payments will be processed as soon as possible afterwards.
For compliance-AML reasons, a financial institution may decide to convert a SEPA Instant payment to a regular SEPA Credit payment to allow for manual payment evaluation. Typically the payment will then proceed the same or the next business day. In rare cases it can take up to several weeks for compliance-AML reasons if a bank needs to send a Request for Information (RFI) to another bank as this is manual communication back and forth, click here (link) for more info.