What is the maximum payment threshold under SCT Inst?

The maximum payment threshold under SCT Inst, which stands for SEPA Credit Transfer Instant, is indeed set at €100,000. This threshold is particularly important because SCT Inst is designed to facilitate instant payments across the Single Euro Payments Area (SEPA), enabling users to send and receive money quickly. The €100,000 limit allows for a significant number of transactions typically performed in consumer and business contexts, promoting the use of immediate payments for a variety of purposes.

This amount reflects the intention behind SCT Inst to enable efficient monetary transfers while still imposing a limit that mitigates risk and potential fraud, particularly in the context of instantaneous transactions. The relatively high limit encourages organizations and individuals to adopt this payment method for larger transactions, while ensuring that financial institutions can still effectively manage their risk exposure.

Understanding this limit is crucial for financial professionals as it informs the design of payment services and products, and helps businesses strategize their payment processes accordingly.