What is a key characteristic of SCT Inst payments compared to traditional SEPA payments?

The correct answer is that SCT Inst payments settle in real-time. This is a key characteristic that sets them apart from traditional SEPA (Single Euro Payments Area) payments, which typically do not process transactions immediately. Instead, traditional SEPA payments often operate on a deferred basis, meaning they are processed and settled at specific times during the day, leading to potential delays in the availability of the funds.

With SCT Inst, payments are designed for immediate processing, allowing transactions to be completed within seconds, regardless of the time of day. This real-time processing capability enhances the efficiency of payments and meets the modern demand for instantaneous financial transactions.

The other options do not accurately describe SCT Inst payments. For instance, they do not process in batches; instead, each SCT Inst payment is processed individually as it comes in. While SCT Inst payments do have a transaction limit, they may vary by financial institution and are not universally without a limit. Furthermore, they do not require the physical presence at a bank, as they can be initiated online or through mobile banking, aligning with contemporary banking practices that prioritize convenience and accessibility.