What is the difference between an urgent and a standard international payment?

A fee will apply for all urgent payments and funds should reach the recipient in 1 - 2 business days. All standard payments are free of charge. Standard euro payments within the SEPA zone should reach the recipient the same day (you have until 2PM to arrange the payment), for all other countries standard payment should reach the recipient in 2 to 4 working days.

List of SEPA countries can be found here.