Both are instant.
For an instant transfer:
You need to provide the first name, last name, IBAN, and BIC of your recipient.
This outgoing transfer is charged at €0.50.
Some beneficiary banks do not accept instant transfers.
For a transfer to another Moneco user:
If your recipient is a Moneco user, you simply provide their phone number or email address, and that's it!
The transfer is free.