For conventional transfers within Switzerland, the money is credited on the next bank working day. Depending on whether the transfer is initiated during the day or at night, on the weekend or a public holiday, this can take several hours or days.
By contrast, with an instant payment, it does not matter what time or day of the week the paying party initiates the transfer – if successful, the payment is usually processed within ten seconds.
With the UBS TWINT app, funds up to a limit of CHF 5,000 can be transferred “instantly” from one TWINT account to another. The beneficiary’s bank credits the amount in advance until it receives the money from the payer’s bank one or two days later, as with a conventional transfer.