Why don’t bank transfers happen instantly?
Currently, manager.one cannot provide instant bank transfers. While there are a number of banks and Fintech companies looking into the subject, it is unfortunately not yet available.
Certain banks display the total for the transfer onto the client account almost instantly. They do this because they are anticipating that the operation will be successful, and are prepared to take that risk. A simple entry in a bank ledger does not however prove that the finances have moved successfully.
In reality, a bank transfer in the SEPA zone can take up to 48 hours.