Quote from: SBC on April 09, 2013, 10:47:56 PM

Just so you are aware, the maximum time between a SEPA payment order being raised and the value of the order being credited to the beneficiary account is no longer than one business day - ref: http://www.gtb.db.com/content/en/858.html. In some cases same day credit transfers are available when a payment order is made before a specified time. If you're waiting longer than 1 business day (that's Monday to Friday, with payments on Friday arriving on the following Monday), you shouldn't be.

That's the theory.
I have done a lot of SEPA transfers which have taken more time than that, just because some banks wait one more day to credit the beneficiary account so that they can gather interests...