The “initiated” status means that the transfer instructions have been received by your bank and if your bank supports SEPA Instant you can expect the funds to arrive within a few hours. Otherwise, it will be the same or next business day. Please be aware that SEPA Instant works 24/7, while normal SEPA transfers work only on business days within banking hours.
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How to transfer EUR via manual bank transfer? How to transfer EUR with Fast transfer? How to transfer GBP via manual bank transfer? How to transfer GBP with Fast transfer? What happens if I transfer less than the minimum transfer amount? Can I transfer from Transferwise (Wise), PayPal or Revolut (outside Europe)? Can I transfer from my company accounts; it is my own company? Can I make a transfer from a joint bank account? Which countries are supported for Fast transfer? Is it safe to use Fast transfer? See more